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International Monetary Fund. European Dept.
This Selected Issues paper provides a systematic assessment of Moldova’s governance and institutional frameworks. It follows guidelines approved by the IMF executive board, which were developed to deliver systematic and even-handed analysis on macroeconomically critical governance and institutional vulnerabilities. This paper also focuses on seven key areas for IMF engagement: corruption, rule of law, regulatory framework, fiscal governance, financial sector oversight, anti-money laundering/combating the financing of terrorism, and central bank governance. The analysis is based on internationally comparable data, diagnosis from IMF technical assistance reports, as well as other expert assessments. Strengthening the judiciary and rule of law and accelerating state-owned enterprises (SOE) reform are clear priorities. The widespread nature of governance vulnerabilities and institutional weaknesses in Moldova, combined with capacity constraints, creates challenges for policy formulation and prioritization. Policy efforts should therefore focus on strengthening rule of law and reforming Moldova’s judiciary system, as well as building capacity and increasing the autonomy of key institutions. Steadfast SOE reform would foster competition, investment, and productivity, while reducing fiscal risks.
International Monetary Fund. External Relations Dept.

2–3 36th Washington Conference on the Americas, “Creating Jobs, Building Hope: The Hemispheric Growth Agenda in a Changing World,” Washington, D.C., United States

International Monetary Fund. External Relations Dept.

In a speech to staff from the IMF and the World Bank on February 20, Cardinal Oscar Andrés Rodriguez, Archbishop of Tegucigalpa, identified corruption as the number one global threat. Cardinal Rodriguez, who was welcomed to the IMF event by IMF Deputy Managing Director Eduardo Aninat, has launched a number of anti-corruption and social justice initiatives of the Catholic Church in Honduras. He has also been a strong promoter of civil society involvement in the poverty reduction strategy process. His presentation was part of the IMF’s ongoing efforts to improve its dialogue with religious and civil society organizations.

International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx