Until 2030, Moldova plans to ensure annual GDP growth of 5-7%, increase Direct foreign investments inflows by 75%, and digitalize 100% of government services.
These goals are enshrined in the draft National Economic Development Strategy until 2030, which the Ministry of Economic Development and Digitalization submitted for public consultation. This is the first strategy of its kind, which describes existing economic problems, identifies ways to resolve them, and presents the expected impact of these activities on society and the state. The draft document is based on the goals of the national development strategy “European Moldova 2030” and contains 3 main goals: development of a competitive, inclusive, sustainable economy; ensuring rapid economic development by expanding and diversifying the service sector, including export services, strengthening economic sustainability and inclusiveness; accelerating economic growth in the medium and long term through strategic industrial stimulation in targeted sectors. To achieve each goal, there are identified areas of intervention, as well as an assessment of the impact of the proposed policies and measures. Thus, in the field of digitalization of the private sector and government agencies, it is planned to implement an integrated e-government system, develop e-commerce and digital payments, introduce programs for the digitalization of SMEs through access to finance, technology and digital skills, and open a Cyber Security Agency. A regulatory framework will also be developed for the diversification of financial instruments (crowdfunding, business angels, etc.) and an action plan will be developed to create the infrastructure of the corresponding market. International partnerships will be developed to attract investments, programs will be launched to stimulate the influx of Direct foreign investments, startups, and SMEs. The development of IT parks and free economic zones is envisaged, including through the provision of a virtual residence permit, in order to attract talents. There are also plans to reduce tax pressure on foreign and local investors, introduce an international baccalaureate system, and promote renewable energy. The authorities intend to privatize or liquidate state-owned enterprises, except for strategic ones, and ensure effective management in the remaining ones. EU standards will be implemented in various areas, investments in logistics will be stimulated, investments in modern recycling and waste management technologies will be promoted, etc. The implementation of the strategy is expected to ensure annual GDP growth of 5-7%, including with an emphasis on intensive regional development and improving the quality of life in rural areas. The strategy is designed to increase the influx of foreign direct investment by 75% by 2030, reduce the share of informal jobs by 18%, reduce the share of youth who do not work or study, stimulate industrial development, increase exports, and ensure digitalization by 100% of government services by 2030, etc. The implementation of the goals and measures of the strategy may be affected by various factors and risks: the war in Ukraine and the refugee crisis, the energy crisis, the pandemic and the slow vaccination process, political instability, lack of sufficient financial resources, bureaucracy, corruption, social and environmental problems, etc. Consultations on the project are held until January 26: https://goo.su/DD3wQQ. // 22.01.2024 — InfoMarket.
