Sunday, February 8, 2009

World Bank in Moldova - New Projects

I have just come across an article from the the World Bank official webpage, where Moldova is presented as the "poorest country in Europe". Check the following link and let me know what you think - is the World Bank's plan to invest in Moldova going to help? More here

IMPROVING MOLDOVAN INFRASTRUCTURE—Moldova faces many obstacles in its path to modernization—among them a crumbling infrastructure. One government program supported by the World Bank gives communities grants for repairs they choose, as long as they pitch in, too.

HELPING MOLDOVAN WINE EXPORTSWine making has a long tradition in Moldova. In Soviet times and afterwards, Russia bought almost all of Moldova’s wine. Today, Moldova is looking to expand its traditional export market by seeking new buyers in Europe and Asia. The Moldovan government, with help from a World Bank program, is assisting wine companies to find new markets.

BUSINESS START UPS IN MOLDOVA—The former Soviet nation of Moldova is still adjusting to its transition to a market economy: Economic output plummeted between 1991 and 1999. Despite strong growth in the last few years, nearly a third of its citizens are impoverished, and unemployment is high. But a government program supported by the World Bank is helping to create income earning opportunities in rural areas like Glodeni—a county where half the work force is out of a job.

22 comments:

  1. People in Valeni have no shoes to walk in,they don't have even water,but they have an entertainment center,with billiard and gym...how that comes?You can't give to an ape a cell phone and say, call mr. Jones. First of all, the way of thinking must be changed,so that people from Moldova could adapt to fast forwarding world.
    Let's take an example, why WB won't finance, or at least give a loan to people like this which will, I don't know, open a water pipe to that forgotten place.. first things first..crawl,than run, where in Moldova is opposite - everybody want live nice, while they don't know even how to live

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  2. People from Moldova have a way of thinking that for sure must be changed! let us analize those small businesses that were opened in those villages... The family who opened the entertainment center managed to make a profit in such a short time!!!! Or those brothers that employed 11 people from the village to help them in their business by repairing cars also began to gain a lot of money. It's very good and it is an example for those who leave Moldova....ok maybe for the first period it is harder to start your own business but it is something real. I think that if people come back they will at least have that experience in what they were doing there where they came from and can try to implement their knowledge and experience here in our country!! why not?

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  3. If we want to change economic situation of our country we must change itself! But how to do that? As we have few work places in our country people leave Moldova and find work in other countries. They make money, come back and spend them here on clothes, cars, apartments and so on. But it is not true!!! If people would spend their money on something else for example open small businesses, then our economy will grow. But for that our government must create attractive conditions for people. We live in a society and before we will think about all our country we wouldn’t make essentially changes in our economy.

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  4. Moldova is poor,and it is not something new for us.Most of our citizens is working or even living abroad,while their families are here.
    All of them are leaded by he idea that here they couldn't have a decent live,and even a good work place.
    Frankly speaking,they are right.But if we look up from other point of view,we will understand that we are to be blame in this situation.Our way of thinking isn't right,and it should be changed without doubt.
    We have a shy at turning off for a better life and to revise our stand to a higher level.As we see in video,World Bank is ready to give us a life-jacket,and to help us to escape from this chancery.But we,as citizens of our country,should give much prominence to this problem.If everybody will recognize that he can help and wiil do his best to improve our economic position,I think that step by step we rise ourself very high.That's the question that it is a slow process.
    So that's about the size of it!

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  5. ''No other country is poorer then Moldova''...why? or who is responsible for this?... may be our past as an ex-soviet country...but let's see baltic countries or Roumania, they were part of soviet union too...we don't have a business culture, we don't know what to do with money, how to invest.. we have to learn to use money in an efficent way..we feel us as the smartest nation in the world but we didn't prove this with facts..
    This people that opened their own business are good examples for us ..examples of honest way of earning money..
    to invest in infrastructure is govenement responsibility...ours is to elect the most suitable person to lead our country and to change our economic mentality as weel.

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  6. I think that those brothers from Paharniceni and the woman from Valeni gives an example for us. They prove that money can be used in a good way, you can invest them in something, you can open something and through these you can give a chance for people ho want to find work here.
    One of problem to start a business is infrastructure and money. Infrastructure is the government problem but to start your own business people have to loan money and their are afraid to loan. But we have very many people abroad why they don’t invest those money in something so they can come back and they can be with their families. Let's be optimists and we mustn’t ask what our country can do for us, but let's ask what we can do for our country. We mustn’t think that is the poorest country from the world we can make it the richest, we must think about our future so lets think how to make it bright.

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  8. Does anyone want to feel the spirit of the past? - u will definitely have such a chance- Moldova- "picture from the past".
    The reality is not quite instilling confidence, the most vulnerable social classes are not sure what to expect from this uncertain future and there is a quastion whether they can do at least anything to make things go a bit better..
    Moldavian people find a solution - working abroad- and they cannot be blamed for this. But still there is a sparkle of hope- grands and subsidies offered by international financial istitutions supporting rural entrepreneurs to develope their business ideas - And this really works!!
    The efforts of moldovian people, assistence rendered by world organizations and our newly developed Governmen policies will doubtlessly lead us to a better life!
    As it is said - "ask - and you'll get an answer, knock- and the door will be opened for you"!

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  9. After looking at this video I realise that the life that we have in Chisinau is quite different from the style of those from suburbs.I knew that the living conditions from villages are not so good,but people without water or even gas-this is disastrous.But I am really proud that we have such citizens that can fight for a better life like those that opened a car repair shop and also gave the opportunity to other people to work and all that due to the financial help of World Bank.Somebody may say that the idea of opening a sport center in a village that has no water is ridiculous but my opinion is that this woman wanted to do something for people maybe to encourage them because as I know "A sound mind in a sound body".The help offered by International Organisations like World Bank is like a chance for Moldova to develop not only its financial situation but also its mentality.I think that the World Bank helps Moldova to step to a new future stage.

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  10. ... so it's a very, very interesting story about very, very poor and little country. But we all don't see the truth but only that what wants us to see the World Bank !!!
    Why they showed us only the bad parts of our country ??? didn't you think about it ???
    I think that this video was made with the reason to show to all people how is munificent the World Bank with the poor countries than needs help. But not to show how is real situation of Moldova.
    Bank is not helping us , it's only the way to make money on our problems. If they would like us to help to increase our economy, and not only this but and all our situation of living here, they would give us money for free, like it does a lot of countries that are more developed then us.
    And only after our economy will reach that level of being able to borrow money and to return them back, World Bank can help us with their credits.

    So I think it's a very pessimistic video that can't help us in any way, it's like a strategy of World Bank to make money by lending credits to poor people and through this way is increasing their name and reputation in the world.
    With this kind of video we wouldn't be able to attract foreign investors, I think everybody understand that an investor comes to invest money with reason to make profit from it, but not to help somebody !!!!

    So I'll try to put a video on our blog to show you how is need to be advertised our country !!!!!!!!!!!!!

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  11. ...ok,i agree with this movie,because it's really a very big problem in MOldova .
    I think that the most actual problem related in this movie is that about children that live in Moldova without their parents, even they are alife...
    It's a problem that deals with the level of development of our country and here is shown that with the money that we make in Moldova we cannot live, but only survive...
    Also i liked the idea of those brothers to open their business...ok it was done with the help of other country, but i think it's a very good idea to take a loan from abroad in order to develope your own country, in such way we will make our small Moldova doing better and it will influence the development of our country not only at agricultural level but even in industrial one.

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  12. Moldova... it's true that here are a lot of problems, we don't have any raw materials, and we don't have something that we can produce and to offer on the international market. In Moldova there are a lot of places, like this village, where people are trying to survive, and I think that World Bank is doing a very good job by helping them to open their business, to change their lifestyle. But there is still a problem with us, the problem is our way of thinking! I don't believe that the village where 60% of population is running away from there because they can't survive need a car repair shop. For what ? what to repair ? if they are celebrating the arrival of domestic gas and if they don't have places for work, where from they take money for cars ? and after buying one they still have money to repair it ? isn't it a little stupid ? I think that the money offered by the World Bank should be invested in agriculture, because Moldova is an agriculture country, and if somebody will invest money in that sphere, and people who are working in this domain will be paid good then the unemployment will fall, people from villages will start to live better and everyone will be happy.

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  13. ... this video is sad, but is true. Our country is one of the poorest countries in the world ( the 90 place, acording to Forbes). In many villages the most of people living there don't have jobs, they don't have even water or gas. Nowadays in villages live almost only old people and children, all teenagers and midle-age people are abroad. The conditions of life, that we have, forced them to live our country for finding a job elsewhere, and because of this, many children live here without parents or only with one parent.
    World Bank is doing a good job by offering a chance for people who want to start their own business, but we also know about the past of our country, when mantainig a business was hard because of the government.
    This people who started a business here, instead going abroad, are very good example for us, because they chose to stay here and try somehow to develop our country, but not to leave Moldova. I think that starting business in villages is a good thing because these people offer the opportunity to get a workplace for others.

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  14. The movie says about the help of the World Bank and the support they are giving to the small entrepreneurs.
    In case of Vlad Gutum,the World Bank and Japan's Social Development Fund have given him a grant of 5000 dollars to initiate a business in Pelivan village,in the sphere of car repair shops.He started the affair in 2005 by a loan of 4000 dollars from the World Bank,as his savings were about 1000 dollars.For Viorica the World Bank gave 3000 dollars,when the savings of her were 600 dollars and she took 2000 dollars as a loan for opening a sport gym in her village Valeni.
    Despite the help of the World Bank,a big part of Moldovans are far away from their motherland.The miss of them is felt by their children,who even if recieve money,they still want their parents to be near them.In the case of Tatiana she saw her mother twice in the last six years.It is a situation that characterizes a very big part of Moldovan children that stay alone at home,being considered as social orphans.
    The statistic says that we are the poorest country in the Europe,as our citizens from the village could feel the snugness only in 2005,when the gas tubes were installed.A lot of peasants still use the donkeys and the horses as a means of transport and it is sad to realize that they consider it to be a normal thing,as they were educated in this way.
    It is very pleasant to see that people want to develop the business at home,in our small,but hope promising Moldova,putting all their efforts in order to make the dream of their and of all the inhabitants come true.
    People as Vlad and Viorica do not only develop the life level of the people,but they engage them as employers,giving them the possibility to have a place of work.In my opinion these people should be encouraged through all their activity as they represent the real opportunity to recieve a job.

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  15. 1. What is the Country Partnership Strategy (CPS) for the Republic of Moldova for 2009-2012?
    The CPS is the main assistance framework at the country level, which will guide the World Bank's interventions in Moldova over the next four years.
    2. How does Melanie Marlett describe the World Bank’s strategy?
    Melanie Marlett describes World Bank’s Strategy as having the aim to build on its previous successes a strong social and economic base in our country and to provide a flexible framework in order to help Moldova weather global risks.
    3.What do development assistance efforts in Moldova over the next four years aim to achieve?
    Development assistance efforts in Moldova over the next four years aim to support a sustainable growth strategy, which will capitalize on opportunities for remittance flows to be used productively to allow the country to increase private savings and investment.
    4.How does Martin Raiser describe the World Bank’s strategy for Moldova?
    Martin Raiser describes the World Bank's strategy as being the one that aims to support the country in harnessing its people strength for building business opportunities at home, because they believe that people are the greatest assets of our country.
    5. Name the three targets the new CPS aims to implement in Moldova.
    •improving economic competitiveness to support sustainable economic growth;
    •minimizing social and environmental risks, building human capital, and promoting social inclusion; and
    •Improving public sector governance.
    6. What areas of development will the CPS support?
    The CPS will support investments in modernizing Moldova’s infrastructure and improving access to public services, as well as projects with regional or global environmental benefits.
    7. Which areas has The World Bank been active in?
    The World Bank has been active supporting Moldova in areas as diverse as rural business development, energy efficiency, and investment in community initiatives.
    8. Give a brief description of World Bank impacts in the following areas:
    a)Water Supply
    The World Bank achieved to increase the rate of people with a better situation regarding the consumption of water. Nowadays, in Moldova there is a higher rate of people that have no problems with leaks and have the opportunity to use a microbiological water quality.
    b)Education
    The Bank is supporting the rehabilitation of 33 kindergartens and 15 alternative community based centers – repairing buildings that were damaged or aging. They are also improving teaching quality by offering special trainings, new materials and new equipment to work with.
    c)The Environment
    There are a number of successes being made in Moldova in protecting the environment. They succeeded to elaborate projects which have as goal to reduce the emissions of CO2 and they achieved to destroy entirely 100 percent of Persistent Organic Pollutants,1,272 tons of pesticides and 17,300 capacitates of PCBs.
    d) Business Reforms
    In order to make it easier to do business, they completed a review of relevant legislation and proposed amendments to some 80 laws affecting business operations. Furthermore, they managed to obtain the opportunity for the business owners to express their points of view in front a committee set up to address new policies affecting the business environment.

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  16. 10.Name the three external shocks Moldova’s economy has been resilient to.
    a.sharp increases in natural gas prices
    b.a Russian ban on importing wine
    c.a drought in 2007 that reduced agricultural production by an estimated 30 percent
    11.Did the ongoing economic growth and political stability lead to the reduction in overall poverty?
    Despite the ongoing economic growth and political stability, the reduction in overall poverty appears to have stalled, at least between 2004 and 2005.
    12.Which conditions does Moldova need to create for remittances to be used as productively as possible?
    Such conditions as strengthening financial intermediation and improvements in the business environment, to allow Moldova to increase private savings and investment are needed to create a productive use of remittances.
    *Name the three interrelated challenges CPS aims to assist in laying the foundations for inclusive economic growth in Moldova.
    a.improving economic competitiveness to support sustainable economic growth;
    b.minimizing social and environmental risks, building human capital, and promoting social inclusion;
    c.improving public sector governance.
    13.Name the risks CPS has to deal with.
    a.fiduciary risks;
    b.implementation capacity at the central and decentralized level;
    c.external shocks;
    d.political economy risks
    14.What makes Moldova more vulnerable to external market developments?
    Greater integration into the global economy, both with respect to trade and labor flows (i.e. remittances), makes Moldova more vulnerable to external market developments.

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  17. 1. What is the Country Partnership Strategy (CPS) for the Republic of Moldova for 2009-2012?
    The Country Partnership Strategy(CPS) for the Republic of Moldova for 2009-2012 is the main assistance framework at the country level, which will guide the World Bank's interventions in this country.
    2. How does Melanie Marlett describe the World Bank’s strategy?
    The World Bank's strategy is to buid on their previous successes and provide a flexible framework to help Moldova weather global risks.
    3. What do development assistance efforts in Moldova over the next four years aim to achieve?
    Development assistance efforts in Moldova over the next four years aims to achieve a sustainable growth strategy, which capitalizes on opportunities for remittance flows to be used productively to allow the country to increase private savings and investment.
    4. How does Martin Raiser describe the World Bank’s strategy for Moldova?
    The World Bank's strategy for Moldova,described by Martin Raiser,aims to support the country in harnessing this strength for business opportunities at home.”
    5. Name the three targets the new CPS aims to implement in Moldova.
    The three targets the new CPS aims to implement in Moldova are:
    • improving economic competitiveness to support sustainable economic growth;
    • minimizing social and environmental risks, building human capital, and promoting social inclusion; and
    • improving public sector governance.

    6. what areas of development will the CPS support?
    The CPS will support commitments of around US$45-50 milion per annum,investments in modernizing Moldova's infrastucture and improving access to public services,as well as projects with regional or global environmental benefits.Also,in addition to its lending operations, the World Bank Group will provide a range of analytical and advisory services in support of Moldova’s development agenda set forth in the National Development Strategy (NDS).
    7. Which areas has The World Bank been active in?
    The World Bank has been active in:rural business development area,energy efficiency area,and investment in community initiatives.

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  18. 8. Give a brief description of World Bank impacts in the following areas:
    a) Water Supply
    The World Bank aim to increase connectivity to water and improve the quality.It supports pilot programs,which improved the quality of water,reduced decaying infrastucture and doubled water consuption per capita.
    b) Education
    The Bank is supporting the rehabilitation of 33 kindergartens and 15 alternative community based centers – repairing buildings that were damaged or aging.They also improve teaching quality and in 2008 they delivered new teaching materials and equipment to bolster managers and pre-school teachers(who where trained)
    c) The Environment
    The Bank has a number of successes being made in Moldova in protecting the environment.There were installed 11 biomass boilers.It also made a soil conservation project,that will lead to a reduction of CO2 emissions of 4.3 million tons over the next 10 years.
    d) Business Reforms
    To make it easier to do business, as part of the Competitiveness Enhancement Project the Government completed a review of relevant legislation and proposed amendments to some 80 laws affecting business operations. Because of its capacity to cut red tape, the law was named Guillotine II. In addition, business owners will also be able to voice their views through a committee set up to address new policies affecting the business environment.Property rights have also been strengthened, and a unified real estate cadastre for urban and rural land established. The affects have been evident in the surge in activity in the now fully functional real estate market.
    9. What was Moldova’s cumulative growth over 2004-2007?
    Moldova's cumulative growth over 2004-2007 was of about 25 percent.
    10. Name the three external shocks Moldova’s economy has been resilient to.
    The three external shocks Moldova’s economy has been resilient to are:sharp increases in natural gas prices, a Russian ban on importing wine from Moldova, and a drought in 2007 that reduced agricultural production by an estimated 30 percent.
    11. Did the ongoing economic growth and political stability lead to the reduction in overall poverty?

    12. Which conditions does Moldova need to create for remittances to be used as productively as possible? Name the three interrelated challenges CPS aims to assist in laying the foundations for inclusive economic growth in Moldova.
    Moldova needs to create the conditions for remittances to be used as productively as possible, such as through strengthening financial intermediation and improvements in the business environment, to allow Moldova to increase private savings and investment. The three interrelated challenges CPS aims to assist in laying the foundations for inclusive economic growth in Moldova are:improving economic competitiveness to support sustainable economic growth; minimizing social and environmental risks, building human capital, and promoting social inclusion; and improving public sector governance.
    13. Name the risks CPS has to deal with.
    The risks CPS has to deal with are: fiduciary risks;implementation capacity at the central and decentralized level;external shocks; and political economy risks.
    14. What makes Moldova more vulnerable to external market developments?

    Greater integration into the global economy, both with respect to trade and labor flows, makes Moldova more vulnerable to external market developments.

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  19. 1. What is the Country Partnership Strategy (CPS) for the Republic of Moldova for 2009-2012?
    The CPS is the primary assistance at the national level, that will guide the strategy investitions of World Bank's in Moldova during the four next years.
    2. How does Melanie Marlett describe the World Bank’s strategy?
    Melanie Marlett describe The world bank's strategy as a prosperous one,because it is based on Moldova's previous successes and it will design a flexible framework in order to prepare Moldova weather global risk.
    3. What do development assistance efforts in Moldova over the next four years aim to achieve?
    It aim to suport a sustainable growth strategy, which capitalizes on opportunities for remittance flows to be used productively to allow the country to increase private savings and investment.
    4. How does Martin Raiser describe the World Bank’s strategy for Moldova?
    Martin Raiser decribes the strategy as a great opportunity to capitalize the power for business perspectives at home.

    5. Name the three targets the new CPS aims to implement in Moldova.
    The new CPS aims to implement these three tragets in Moldova :
    • improving economic competitiveness to support sustainable economic growth;
    • minimizing social and environmental risks, building human capital, and promoting social inclusion; and
    • improving public sector governance.

    6. what areas of development will the CPS support?
    The CPS will support investments in modernizing Moldova’s infrastructure and improving access to public services, as well as projects with regional or global environmental benefits.
    7. Which areas has The World Bank been active in?
    The World Bank has been active supporting Moldova in areas as rural business development, energy efficiency, and investment in community initiatives.
    8. Give a brief description of World Bank impacts in the following areas:
    a) Water Supply
    The conectivity to water increased and the quality of water became better,after some world bank's projects.
    b) Education
    Oraganizing training for pre-school teachers and managers they improved our education. also they provided us with new material and new equipment.
    c) The Environment
    They installed new technology that reduced the impact of CO2 emissions,also were distroyed entirely many pesticides and capacitators of PCBs.

    d) Business Reforms
    in order to make easier to do business the Government completed a review of relevant legislation and proposed amendments to some 80 laws affecting business operations.
    9. What was Moldova’s cumulative growth over 2004-2007?
    Moldova’s cumulative growth over 2004-2007 was about 25%.
    10. Name the three external shocks Moldova’s economy has been resilient to.
    Moldova's economy has been resilient external shocks like: sharp increases in natural gas prices, a Russian ban on importing wine from Moldova, and a drought in 2007 that reduced agricultural production by an estimated 30 percent.
    11. Did the ongoing economic growth and political stability lead to the reduction in overall poverty?
    No,because it just stagnate but not reduces in overall poverty.
    12. Which conditions does Moldova need to create for remittances to be used as productively as possible? Name the three interrelated challenges CPS aims to assist in laying the foundations for inclusive economic growth in Moldova.

    13. Name the risks CPS has to deal with.
    The risks for this CPS include (i) fiduciary risks; (ii) implementation capacity at the central and decentralized level; (iii) external shocks; and (iv) political economy risks.
    14. What makes Moldova more vulnerable to external market developments?
    The Government has limited institutional capacity which could delay the implementation of its ambitious reform agenda and greater integration into the global economy, both with respect to trade and labor flows (i.e. remittances).

    ReplyDelete
  20. Ekaterina BorovetchiSeptember 17, 2010 at 10:16 AM

    1.What is the Country Partnership Strategy (CPS) for the Republic of Moldova for 2009-2012?
    The CPS is the main assistance framework at the country level, which will guide the World Bank's interventions in Moldova over the next four years.
    2.How does Melanie Marlett describe the World Bank’s strategy?
    Melanie Marlett describe the World Bank’s strategy like a way to help Moldova to modernize its economy and build a prosperous European future.
    3.What do development assistance efforts in Moldova over the next four years aim to achieve?
    Development assistance efforts in Moldova over the next four years will aim to support a sustainable growth strategy, which capitalizes on opportunities for remittance flows to be used productively to allow the country to increase private savings and investment.
    4.How does Martin Raiser describe the World Bank’s strategy for Moldova?
    He sais that World Bank’s strategy for Moldova like a help for the country to create business opportunities at home, utilizing its greatest asset, its people.
    5.Name the three targets the new CPS aims to implement in Moldova.
    Improving economic competitiveness to support sustainable economic growth; minimizing social and environmental risks, building human capital, and promoting social inclusion; and improving public sector governance.
    6.what areas of development will the CPS support?
    Areas of World Bank support are consistent with Moldova’s national development priorities for 2008-2011 and other development efforts. The CPS foresees total commitments of around US$45-50 million per annum, part of which will be channeled through direct budgetary support. The World Bank has been active supporting Moldova in areas as diverse as rural business development, energy efficiency, and investment in community initiatives.The CPS will support investments in modernizing Moldova’s infrastructure and improving access to public services, as well as projects with regional or global environmental benefits. In addition to its lending operations, the World Bank Group will provide a range of analytical and advisory services in support of Moldova’s development agenda set forth in the National Development Strategy (NDS). These efforts will be complemented by an ongoing commitment to promote and provide investments and guarantees, through Bank Group institutions (IFC and MIGA), to strengthen and expand financial and private sector growth.
    7.Which areas has The World Bank been active in?
    The World Bank has been active supporting Moldova in areas as diverse as rural business development, energy efficiency, and investment in community initiatives.

    ReplyDelete
  21. Ekaterina BorovetchiSeptember 17, 2010 at 10:17 AM

    8.Give a brief description of World Bank impacts in the following areas:
    a)Water Supply
    In areas where the World Bank has supported pilot programs, water supply per day in the pilot areas is now 18-24 hours. Water losses due to leaks and decaying infrastructure have been reduced, and water consumption per capita has almost doubled.In the same time 100 percent of microbiological water quality samples in pilot areas passed inspection, whereas previously 10 percent of samples were contaminated with coliforms.
    b)Education
    The Bank is supporting the rehabilitation of 33 kindergartens and 15 alternative community based centers – repairing buildings that were damaged or aging. Teaching quality is set to improve as well, with training completed for 2,600 managers and pre-school teachers. New teaching materials and equipment were delivered in early 2008.
    c)The Environment
    11 biomass boilers were installed in demonstration sites under the Renewable Energy from Agricultural Waste Project to act as catalysts for the introduction and promotion of the use of agricultural waste. Soil conservation projects will lead to a reduction of CO2 emissions of 4.3 million tons over the next 10 years. Further, 100 percent of Persistent Organic Pollutants have been managed or destroyed entirely, a total of 1,272 tons of pesticides and 17,300 capacitators of PCBs.
    d)Business Reforms
    To make it easier to do business, as part of the Competitiveness Enhancement Project the Government completed a review of relevant legislation and proposed amendments to some 80 laws affecting business operations. Because of its capacity to cut red tape, the law was named Guillotine II. In addition, business owners will also be able to voice their views through a committee set up to address new policies affecting the business environment.
    9.What was Moldova’s cumulative growth over 2004-2007?
    Moldova’s cumulative growth over 2004-2007 was of about 25 percent.
    10.Name the three external shocks Moldova’s economy has been resilient to.
    Sharp increases in natural gas prices, a Russian ban on importing wine from Moldova, and a drought in 2007 that reduced agricultural production
    11. Did the ongoing economic growth and political stability lead to the reduction in overall poverty?
    Despite the ongoing economic growth and political stability, the reduction in overall poverty appears to have stalled, at least between 2004 and 2005.
    12.Which conditions does Moldova need to create for remittances to be used as productively as possible? Name the three interrelated challenges CPS aims to assist in laying the foundations for inclusive economic growth in Moldova.
    strengthening financial intermediation and improvements in the business environment, to allow Moldova to increase private savings and investment. This will require addressing three inter-related challenges.improving economic competitiveness to support sustainable economic growth; (ii) minimizing social and environmental risks, building human capital, and promoting social inclusion; and (iii) improving public sector governance
    13.Name the risks CPS has to deal with.
    (i) fiduciary risks; (ii) implementation capacity at the central and decentralized level; (iii) external shocks; and (iv) political economy risks.
    14.What makes Moldova more vulnerable to external market developments?
    The Government has limited institutional capacity which could delay the implementation of its ambitious reform agenda. Greater integration into the global economy, both with respect to trade and labor flows (i.e. remittances), makes Moldova more vulnerable to external market d

    ReplyDelete
  22. 1.This Country Partnership Strategy sets out the World Bank Group’s planned lending and non-lending support to the Republic of Moldova.

    2.Strategy of World Bank described by Melanie Marlett was that : “In a challenging global environment, the Republic of Moldova has set the course to modernize its economy and build a prosperous European future.”

    3.Development assistance efforts will aim to support a sustainable growth strategy, which capitalizes on opportunities for remittance flows to be used productively to allow the country to increase private savings and investment.

    4.The strategy of World Bank described by Martin Raiser was : “…to support the country in harnessing this strength for business opportunities at home.”

    5.The CPS aims to implement next three new targets:
    a)improving economic competitiveness to support sustainable economic growth;
    b)minimizing social and environmental risks, building human capital, and promoting social inclusion;
    c)improving public sector governance.

    6.The CPS will support some areas like investments in modernizing Moldova’s infrastructure and improving access to public services, as well as projects with regional or global environmental benefits.

    7.The World Bank has been active supporting Moldova in areas as diverse as rural business development, energy efficiency, and investment in community initiatives.

    8. a) Water supply: Water losses due to leaks and decaying infrastructure have been reduced, the quality of the water is 100 percent of microbiological water quality, whereas previously 10 percent of samples were contaminated with coliforms.
    b) Education: The Bank is supporting the rehabilitation of kindergartens and alternative community based centers. Their efforts are bolstered by new teaching materials and equipment that were delivered in early 2008.
    c) The environment: 11 biomass boilers were installed in demonstration sites, Soil conservation projects will lead to a reduction of CO2 emissions, Further, 100 percent of Persistent Organic Pollutants have been managed or destroyed entirely.
    d) Business reforms: the Enhancement Project proposed amendments to some 80 laws affecting business operations, business owners will also be able to voice their views through a committee set up to address new policies affecting the business environment.

    9.The authorities have established a good track record of macroeconomic stability, with cumulative growth over 2004-2007 of about 25 percent.

    10.The Moldova’s economy had been resilient to increases in natural gas prices, a Russian ban on importing wine from Moldova, and a drought in 2007 that reduced agricultural production by an estimated 30 percent.

    11.Yes, at least between 2004 and 2005.

    12.In general Moldova need to be used as productively as possible through strengthening financial intermediation and improvements in the business environment, to increase private savings and investment and also migration and remittances will likely be key drivers of growth and development.

    13.The risks for this CPS include: fiduciary risks, implementation capacity at the central and decentralized level, external shocks and political economy risks.

    14.That what makes Moldova more vulnerable is that the Government has limited institutional capacity which could delay the implementation of its ambitious reform agenda. Greater integration into the global economy, both with respect to trade and labor flows.

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