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Supporting Business Reforms to Improve Moldova’s Economy

The Moldova Business Regulatory, Investment, and Trade Environment (BRITE) project supports the government of Moldova to make the reforms necessary to attract investment, encourage entrepreneurship, increase competitiveness, and solidify the foundation of the country’s market economy. 

​Moldova has made considerable progress in reforming its business environment during the past several years, as indicated by its ranking as the world’s second-leading reformer in the World Bank’s 2012 Doing Business report. But much work remains to complete the country’s economic transition. Central to BRITE’s approach is prioritizing reforms identified by the private sector as impediments to doing business in Moldova. In this way, the project addresses demand for reforms, while building the government’s capacity to supply it.

The program’s focus areas include:

  • Improving tax administration to reduce the administrative burden of paying taxes, in terms of time and costs to file, while increasing revenue collection
  • Streamlining key business processes to reduce the administrative burden of compliance with government regulations and to increase transparency
  • Reducing the time and cost of moving goods across borders
  • Identifying and supporting implementation of high-impact regulatory reforms to improve the business environment
BRITE’s first major initiative is an assessment of Moldova’s business enabling environment using a proven methodology called the Business Climate, Institutional, and Legal Reform (BizCLIR) assessment tool. Similar to but more thorough than the World Bank’s Doing Business methodology, the BizCLIR tool allows BRITE to undertake a deep analysis of the business environment to identify high-impact reforms with wide support and a high probability of success.
 
Based on results of the assessment, the project will engage, enable, and empower the government, private sector, and civil society to design and implement a program of reforms to reduce the costs and risks of doing business in Moldova. The assessment’s focus areas include trading across borders, protecting investors, starting a business, paying taxes, and dealing with construction permits.
 
In addition, the project is implementing a comprehensive strategic communications program to raise stakeholders and public awareness of the need for and progress toward reforms; build communications capacity among key public, private, and civil society actors; increase meaningful public-private dialogue; and support the Moldovan media’s ability to report on tax, trade, and regulatory reforms.
 
Expected Project Results
 
The project seeks to realize a 20 percent improvement in Doing Business indicators and to achieve reforms that will result in $100 million in cost savings to the public and private sectors.

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