Political uncertainty undermines reform agenda, investment process in Moldova – foreign experts say

Chisinau, 14 May /MOLDPRES/- Experts from the World Bank and the European Bank for Reconstruction and Development (EBRD) say the political uncertainty created after the parliamentary elections undermines the reform process and economic growth as well as aggravating structural problems.

"The political uncertainty that exists and the individual interests and other aspects of governance undermine the reform agenda and the investment process in Moldova," World Bank expert Marcel Chistruga said while presenting the economic outlook for Moldova.

The World Bank revised downwards estimates regarding the evolution of Moldovan economy in 2019 to 3.4 percent. The January Global Economic Prospects report predicts a 3.8 percent economic advance. At the same time, the World Bank expects the Moldovan economy will grow by 3.6 percent in 2020 and 3.8 percent in 2012 against 3.5 and 3.2 percent, respectively, as previously forecast.

The authors of the new EBRD report of May "Regional Economic Perspectives" note that "the long-term structural and demographic problems of Moldova are aggravated by the current uncertainty about the inconclusive results of the February parliamentary elections and the delay in the allocation of funds by international partners."

Experts of the European Bank for Reconstruction and Development believe that in 2019 Moldova's GDP will grow by 3.5 percent compared to 4 percent as estimated in November 2018.

Although more than two and a half months have passed since the parliamentary elections of 24 February 2019, a parliamentary majority has not yet been formed.