An IMF technical assistance mission has visited Moldova to help reduce tax risks of state-owned enterprises
The Finance Ministry said that, in particular, from January 29 to February 10, the Ministry, together with representatives of the IMF's Fiscal Relations Department, held a series of meetings with representatives of the authorities responsible for the management and liquidation of state property, as well as with representatives of the country's largest state-owned enterprises. These meetings took place within the framework of the IMF technical assistance mission, aimed at strengthening measures to reduce tax risks of state-owned enterprises. The IMF mission program covered topics such as reviewing the roles of institutions involved in the management of state assets, improving transparency and accountability, and strengthening tax risk assessment. Similarly, with respect to the tax risk analysis system, the IMF mission reviewed key components, identified data sources, and provided hands-on training on tax risk assessment, as well as recommendations for improving data collection for stress testing and tax risk analysis. Practical training was also provided on the stress testing model, which analyzes the economic and financial risks of public capital entities, including credit and foreign exchange risks, to optimize risk and cash flow assessment. The participating parties emphasized the importance of close cooperation between state authorities and state-owned enterprises/companies with dominant state capital to achieve common goals regarding open governance, as well as improving the legal framework for the effective implementation of stress testing models and initiatives to analyze the fiscal risks of entities with dominant state capital. The Finance Ministry said it reaffirms its commitment to continue working with the IMF and other relevant institutions to develop a sustainable and efficient fiscal system that supports good governance and management of public resources. // 14.02.2025 - InfoMarket.
