The European Union and other development partners will help Moldova implement reforms to improve the management of public finances
The statement was made during a meeting of the Sectoral Council for External Assistance Coordination held at the Finance Ministry to discuss the development and implementation of public finance management in line with the priorities of the Strategy for 2023-2030. The meeting analyzed the progress and challenges faced so far, as well as the next steps to achieve the structural reform objectives in the context of the Ministry of Finance's commitment to consolidate financial management and bring public policies in line with EU directives and standards. The event was attended by representatives of development partners, including the embassies of the United States, Germany, Norway, Slovakia, Poland, Netherlands, Japan and Sweden, as well as of the IMF, EBRD, EIB, GIZ, USAID, UNDP and UNICEF, who reiterated their constant support to Moldova. Finance Minister Victoria Belous stressed the importance of cooperation with development partners, saying that their experience and support are very important, and the Finance Ministry continues to rely on them to make changes and implement the ongoing reforms, especially in the European integration process. “We are confident that with your support we will be able to implement all the necessary reforms,” she stressed. State Secretary of the ministry Ion Gumene presented the role of the Ministry of Finance after the changes in the foreign aid coordination mechanism and discussed the management of aid priorities in the context of European integration, as well as the improvement of the management of public finances through the Sectoral Council. Discussions focused on 7 main components of the strategy, including macroeconomic analysis, budget planning, transparency of public finances and financial control. Areas that require support from development partners were identified, such as development of e-procurement system, revision of the budget process, strengthening of financial administration capacity, etc. // 31.10.2024 – InfoMarket
