Republic of Moldova: Climate Module of the Public Investment Management Assessment
High-Level Summary Technical Assistance Reports, November 13, 2023
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Bibliographic details
- Authors: Arturo Navarro, Katja Funke, Marina Marinkov, Murray Petrie, Eivind Tandberg
- Published: November 13, 2023
- Series: High-Level Summary Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400258305.029
Summary
- Moldova has committed to an ambitious climate change mitigation and adaption agenda, underpinned by significant public investments.
- The energy sector accounts for more than 2/3 of the country’s GHGs.
- The country is updating its public investment management framework, creating an opportunity to enhance the framework’s climate sensitivity and to adopt regulation to align to EU standards.
- The Climate Module of the Public Investment Management Assessment (C-PIMA) proposes reforms across multiple areas, highlighting project appraisal and selection and budgeting and portfolio management as priority areas.
Key findings and context
- Public investments, particularly in the energy sector, are central to Moldova’s climate agenda.
- The public investment management framework is currently being updated, which provides a policy window to integrate climate considerations and to align with EU regulation.
- C-PIMA identifies multiple reform areas to strengthen climate sensitivity of public investment processes.
Priority areas and proposed reforms
- Project appraisal and selection:
- Strengthen climate sensitivity in appraisal methodologies.
- Improve criteria for selecting investments that support mitigation and adaptation objectives.
- Budgeting and portfolio management:
- Enhance budgeting procedures to better reflect climate risks and priorities.
- Improve portfolio management to ensure coherence between public investments and climate goals.
- Regulatory alignment:
- Adopt regulation to align public investment management and related procedures with EU standards.
Publication metadata and statistics
- Authors: Arturo Navarro, Katja Funke, Marina Marinkov, Murray Petrie, Eivind Tandberg
- Publication date: November 13, 2023
- Series: High Level Summary Technical Assistance Report No. 2023/018
- Issue: 018
- Volume: 2023
- Pages: 4
- DOI: https://doi.org/10.5089/9798400258305.029
- ISBN: 9798400258305
- ISSN: 2959-4103
- Stock No: HLSEA2023018
- Subject: International organization, Monetary policy
- Keywords: climate change, public finance, Public investment
Source: Republic of Moldova: Climate Module of the Public Investment Management Assessment (High-Level Summary Technical Assistance Reports), November 13, 2023.
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- Republic of Moldova: Climate Module of the Public Investment Management Assessment