Moldova : Country Financial Accountability Assessment
The overall conclusion of this report is that despite some progress in improving public financial management, the financial accountability framework in Moldova is weak and requires substantial strengthening. This has important implications for both...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2003/09/2824701/moldova-country-financial-accountability-assessment http://hdl.handle.net/10986/14604 |
| id |
okr-10986-14604 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING RECORDS ACCOUNTING STANDARDS ACCOUNTS AUDITING AUDITING STANDARDS AUDITORS AUDITS AUTHORITY AUTONOMOUS AGENCY BANKING SECTOR BUDGET ESTIMATES BUDGET EXECUTION BUDGET EXPENDITURES BUDGET FORMULATION BUDGET PROCESS BUDGET REVENUES BUDGET SYSTEM BUDGET TRANSFERS BUDGETARY EXPENDITURES BUDGETARY FUNDS BUDGETARY RESOURCES BUSINESS ASSOCIATIONS CASH MANAGEMENT CENTRAL BANKS CENTRAL GOVERNMENT CITIZENS CIVIL SERVICE CONSOLIDATED FINANCIAL STATEMENTS CONSTITUTION CORRUPTION DEBT DEBT MANAGEMENT DEBT SERVICE DECISION MAKING DECREE DEMOCRACY EBF ECONOMIC GROWTH ECONOMIC PERFORMANCE ELECTORAL SYSTEM EXECUTION EXPENDITURE EXTRA BUDGETARY FUNDS FINANCIAL ACCOUNTABILITY FINANCIAL ANALYSIS FINANCIAL CONTROL FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL PLAN FINANCIAL PLANS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FISCAL FISCAL POLICY FISCAL REFORM FISCAL YEAR GOVERNMENT BUDGETS GOVERNMENT DECISION GOVERNMENT LEVEL GOVERNMENT SERVICES GOVERNMENTAL ORGANIZATION INSTITUTIONAL CAPACITY INSTITUTIONAL CONSTRAINTS INSTITUTIONAL FRAMEWORK INTERNAL AUDIT INTERNATIONAL ACCOUNTING STANDARDS LAWS LEGISLATION LOBBYING LOCAL GOVERNMENT LOCAL GOVERNMENT AUTHORITIES LOCAL GOVERNMENT BUDGETS LOCAL GOVERNMENT INSTITUTIONS LOCAL GOVERNMENTS LOCAL PUBLIC ADMINISTRATION MANAGEMENT MINISTRY OF FINANCE MUNICIPALITIES MUNICIPALITY NATIONAL BUDGET NATURAL RESOURCES PENSIONS POLITICAL CONSENSUS POLITICAL INSTABILITY POLITICIANS PRIME MINISTERS PRIVATE SECTOR PRIVATIZATION PROCUREMENT PROGRAM BUDGETING PUBLIC ADMINISTRATION PUBLIC ADMINISTRATION REFORM PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC POLICY PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR REFORM REPRESENTATIVES RESOURCE ALLOCATION REVENUE AUTHORITIES SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL PROTECTION STATE AGENCIES STATE BUDGET STATE FUNDS STATE OWNED ENTERPRISES STATUTORY AUDITORS STRUCTURAL ADJUSTMENT STRUCTURE OF GOVERNMENT TAX TECHNICAL ASSISTANCE THE NATIONAL BANK OF MOLDOVA TRADE UNIONS TRANSPARENCY TREASURY FINANCIAL ACCOUNTABILITY PUBLIC FINANCE MANAGEMENT ACCOUNTABILITY IN GOVERNANCE FINANCIAL MANAGEMENT DEVELOPMENT ACTION PLANS SECTOR REVIEWS GOVERNANCE POLICIES REFORM STRATEGIES PUBLIC ADMINISTRATION REFORM PUBLIC EXPENDITURE MANAGEMENT BUDGET EXECUTION CASH MANAGEMENT DEBT MANAGEMENT |
| spellingShingle |
ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING RECORDS ACCOUNTING STANDARDS ACCOUNTS AUDITING AUDITING STANDARDS AUDITORS AUDITS AUTHORITY AUTONOMOUS AGENCY BANKING SECTOR BUDGET ESTIMATES BUDGET EXECUTION BUDGET EXPENDITURES BUDGET FORMULATION BUDGET PROCESS BUDGET REVENUES BUDGET SYSTEM BUDGET TRANSFERS BUDGETARY EXPENDITURES BUDGETARY FUNDS BUDGETARY RESOURCES BUSINESS ASSOCIATIONS CASH MANAGEMENT CENTRAL BANKS CENTRAL GOVERNMENT CITIZENS CIVIL SERVICE CONSOLIDATED FINANCIAL STATEMENTS CONSTITUTION CORRUPTION DEBT DEBT MANAGEMENT DEBT SERVICE DECISION MAKING DECREE DEMOCRACY EBF ECONOMIC GROWTH ECONOMIC PERFORMANCE ELECTORAL SYSTEM EXECUTION EXPENDITURE EXTRA BUDGETARY FUNDS FINANCIAL ACCOUNTABILITY FINANCIAL ANALYSIS FINANCIAL CONTROL FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL PLAN FINANCIAL PLANS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FISCAL FISCAL POLICY FISCAL REFORM FISCAL YEAR GOVERNMENT BUDGETS GOVERNMENT DECISION GOVERNMENT LEVEL GOVERNMENT SERVICES GOVERNMENTAL ORGANIZATION INSTITUTIONAL CAPACITY INSTITUTIONAL CONSTRAINTS INSTITUTIONAL FRAMEWORK INTERNAL AUDIT INTERNATIONAL ACCOUNTING STANDARDS LAWS LEGISLATION LOBBYING LOCAL GOVERNMENT LOCAL GOVERNMENT AUTHORITIES LOCAL GOVERNMENT BUDGETS LOCAL GOVERNMENT INSTITUTIONS LOCAL GOVERNMENTS LOCAL PUBLIC ADMINISTRATION MANAGEMENT MINISTRY OF FINANCE MUNICIPALITIES MUNICIPALITY NATIONAL BUDGET NATURAL RESOURCES PENSIONS POLITICAL CONSENSUS POLITICAL INSTABILITY POLITICIANS PRIME MINISTERS PRIVATE SECTOR PRIVATIZATION PROCUREMENT PROGRAM BUDGETING PUBLIC ADMINISTRATION PUBLIC ADMINISTRATION REFORM PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC POLICY PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR REFORM REPRESENTATIVES RESOURCE ALLOCATION REVENUE AUTHORITIES SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL PROTECTION STATE AGENCIES STATE BUDGET STATE FUNDS STATE OWNED ENTERPRISES STATUTORY AUDITORS STRUCTURAL ADJUSTMENT STRUCTURE OF GOVERNMENT TAX TECHNICAL ASSISTANCE THE NATIONAL BANK OF MOLDOVA TRADE UNIONS TRANSPARENCY TREASURY FINANCIAL ACCOUNTABILITY PUBLIC FINANCE MANAGEMENT ACCOUNTABILITY IN GOVERNANCE FINANCIAL MANAGEMENT DEVELOPMENT ACTION PLANS SECTOR REVIEWS GOVERNANCE POLICIES REFORM STRATEGIES PUBLIC ADMINISTRATION REFORM PUBLIC EXPENDITURE MANAGEMENT BUDGET EXECUTION CASH MANAGEMENT DEBT MANAGEMENT World Bank Moldova : Country Financial Accountability Assessment |
| geographic_facet |
Europe and Central Asia Moldova |
| description |
The overall conclusion of this report is
that despite some progress in improving public financial
management, the financial accountability framework in
Moldova is weak and requires substantial strengthening. This
has important implications for both the Government and the
Bank: the Government will need to make a significant effort
over a long period of time to attend the issues identified
within this report; and the Bank cannot rely on the Moldovan
financial accountability framework to ensure that funds are
spent for intended purposes, but rather the Bank will need
to review and assess each operation's financial
management risks and arrangements on its own merit. It would
be unrealistic and impractical for the authorities to try to
simultaneously address the many recommendations in this
report. The Development Action Plan (DAP) lists and
prioritizes the main recommendations of this CFAA. The
overall responsibility for the implementation of the DAP
rests with the Ministry of Finance however the Ministry of
Economy, the Ministry of Labor, the Court of Accounts and
the National Bank of Moldova also play significant roles.
The DAP was endorsed by the National Steering Committee that
was formed specifically for the purpose of this CFAA. The
Board endorsed the CAS Progress Report in June 2002, which
provided emphasis in public sector reforms and improving
governance. The Government confirmed its commitment for
strengthening governance by adopting a comprehensive public
sector reform strategy. The strategy comprises three
elements: (i) public administration reform; (ii) public
expenditure management; and (iii) public/private interface.
The CAS Progress Report recognized that Government has made
significant progress in streamlining and improving public
expenditure management, especially in the areas of budget
execution, cash management, and debt management. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Moldova : Country Financial Accountability Assessment |
| title_short |
Moldova : Country Financial Accountability Assessment |
| title_full |
Moldova : Country Financial Accountability Assessment |
| title_fullStr |
Moldova : Country Financial Accountability Assessment |
| title_full_unstemmed |
Moldova : Country Financial Accountability Assessment |
| title_sort |
moldova : country financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/09/2824701/moldova-country-financial-accountability-assessment http://hdl.handle.net/10986/14604 |
| _version_ |
1764428281053970432 |
| spelling |
okr-10986-146042021-04-23T14:03:17Z Moldova : Country Financial Accountability Assessment World Bank ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING RECORDS ACCOUNTING STANDARDS ACCOUNTS AUDITING AUDITING STANDARDS AUDITORS AUDITS AUTHORITY AUTONOMOUS AGENCY BANKING SECTOR BUDGET ESTIMATES BUDGET EXECUTION BUDGET EXPENDITURES BUDGET FORMULATION BUDGET PROCESS BUDGET REVENUES BUDGET SYSTEM BUDGET TRANSFERS BUDGETARY EXPENDITURES BUDGETARY FUNDS BUDGETARY RESOURCES BUSINESS ASSOCIATIONS CASH MANAGEMENT CENTRAL BANKS CENTRAL GOVERNMENT CITIZENS CIVIL SERVICE CONSOLIDATED FINANCIAL STATEMENTS CONSTITUTION CORRUPTION DEBT DEBT MANAGEMENT DEBT SERVICE DECISION MAKING DECREE DEMOCRACY EBF ECONOMIC GROWTH ECONOMIC PERFORMANCE ELECTORAL SYSTEM EXECUTION EXPENDITURE EXTRA BUDGETARY FUNDS FINANCIAL ACCOUNTABILITY FINANCIAL ANALYSIS FINANCIAL CONTROL FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL PLAN FINANCIAL PLANS FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FISCAL FISCAL POLICY FISCAL REFORM FISCAL YEAR GOVERNMENT BUDGETS GOVERNMENT DECISION GOVERNMENT LEVEL GOVERNMENT SERVICES GOVERNMENTAL ORGANIZATION INSTITUTIONAL CAPACITY INSTITUTIONAL CONSTRAINTS INSTITUTIONAL FRAMEWORK INTERNAL AUDIT INTERNATIONAL ACCOUNTING STANDARDS LAWS LEGISLATION LOBBYING LOCAL GOVERNMENT LOCAL GOVERNMENT AUTHORITIES LOCAL GOVERNMENT BUDGETS LOCAL GOVERNMENT INSTITUTIONS LOCAL GOVERNMENTS LOCAL PUBLIC ADMINISTRATION MANAGEMENT MINISTRY OF FINANCE MUNICIPALITIES MUNICIPALITY NATIONAL BUDGET NATURAL RESOURCES PENSIONS POLITICAL CONSENSUS POLITICAL INSTABILITY POLITICIANS PRIME MINISTERS PRIVATE SECTOR PRIVATIZATION PROCUREMENT PROGRAM BUDGETING PUBLIC ADMINISTRATION PUBLIC ADMINISTRATION REFORM PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC POLICY PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR REFORM REPRESENTATIVES RESOURCE ALLOCATION REVENUE AUTHORITIES SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL PROTECTION STATE AGENCIES STATE BUDGET STATE FUNDS STATE OWNED ENTERPRISES STATUTORY AUDITORS STRUCTURAL ADJUSTMENT STRUCTURE OF GOVERNMENT TAX TECHNICAL ASSISTANCE THE NATIONAL BANK OF MOLDOVA TRADE UNIONS TRANSPARENCY TREASURY FINANCIAL ACCOUNTABILITY PUBLIC FINANCE MANAGEMENT ACCOUNTABILITY IN GOVERNANCE FINANCIAL MANAGEMENT DEVELOPMENT ACTION PLANS SECTOR REVIEWS GOVERNANCE POLICIES REFORM STRATEGIES PUBLIC ADMINISTRATION REFORM PUBLIC EXPENDITURE MANAGEMENT BUDGET EXECUTION CASH MANAGEMENT DEBT MANAGEMENT The overall conclusion of this report is that despite some progress in improving public financial management, the financial accountability framework in Moldova is weak and requires substantial strengthening. This has important implications for both the Government and the Bank: the Government will need to make a significant effort over a long period of time to attend the issues identified within this report; and the Bank cannot rely on the Moldovan financial accountability framework to ensure that funds are spent for intended purposes, but rather the Bank will need to review and assess each operation's financial management risks and arrangements on its own merit. It would be unrealistic and impractical for the authorities to try to simultaneously address the many recommendations in this report. The Development Action Plan (DAP) lists and prioritizes the main recommendations of this CFAA. The overall responsibility for the implementation of the DAP rests with the Ministry of Finance however the Ministry of Economy, the Ministry of Labor, the Court of Accounts and the National Bank of Moldova also play significant roles. The DAP was endorsed by the National Steering Committee that was formed specifically for the purpose of this CFAA. The Board endorsed the CAS Progress Report in June 2002, which provided emphasis in public sector reforms and improving governance. The Government confirmed its commitment for strengthening governance by adopting a comprehensive public sector reform strategy. The strategy comprises three elements: (i) public administration reform; (ii) public expenditure management; and (iii) public/private interface. The CAS Progress Report recognized that Government has made significant progress in streamlining and improving public expenditure management, especially in the areas of budget execution, cash management, and debt management. 2013-07-25T16:51:26Z 2013-07-25T16:51:26Z 2003-09-12 http://documents.worldbank.org/curated/en/2003/09/2824701/moldova-country-financial-accountability-assessment http://hdl.handle.net/10986/14604 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work Europe and Central Asia Moldova |