Moldova Financial Sector Assessment Program : Technical Notes
Moldova declared its independence in August 1991 and adopted its current constitution in July 1994. Over the intervening decade, the legal framework governing the regulation and supervision of the country's financial and business sectors has u...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/586881468057373495/Moldova-Financial-sector-assessment-program-technical-note http://hdl.handle.net/10986/36218 |
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okr-10986-362182021-09-01T05:10:40Z Moldova Financial Sector Assessment Program : Technical Notes World Bank International Monetary Fund FINANCIAL SECTOR LEGISLATION AND REGULATION FOREIGN CURRENCY RESERVE FINANCIAL SITUATION INSOLVENCY AND CREDITOR RIGHTS CENTRAL BANKING LAW LICENSE REQUIREMENT NATIONAL PAYMENT SYSTEM ANTI MONEY LAUNDERING MEASURES CIVIL PROCEEDINGS BUSINESS REGISTRATION COURT SYSTEM Moldova declared its independence in August 1991 and adopted its current constitution in July 1994. Over the intervening decade, the legal framework governing the regulation and supervision of the country's financial and business sectors has undergone significant reform. However, Moldova has lagged behind in the creation of a business-friendly legal and tax environment. Recent reports and surveys have confirmed that the risks and costs of doing business are high and that administrative burdens of all kinds are excessive. Access to finance is limited and regulatory compliance costs are amongst the highest in the region. Moldova might wish to emulate the practice of India, for example, where the authorities have sought to address this issue by requiring inspection officials to complete a logbook at the premises of the company undergoing inspection, explaining why they are inspecting and summarizing their findings. To their credit, the Moldovan authorities have recognized many of the major areas in need of review and restructuring and have embarked upon an ambitious legal reform agenda. 2021-08-31T15:00:07Z 2021-08-31T15:00:07Z 2005-02 Report http://documents.worldbank.org/curated/en/586881468057373495/Moldova-Financial-sector-assessment-program-technical-note http://hdl.handle.net/10986/36218 English en CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Financial Sector Assessment Program Europe and Central Asia Europe and Central Asia Moldova |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English English |
| topic |
FINANCIAL SECTOR LEGISLATION AND REGULATION FOREIGN CURRENCY RESERVE FINANCIAL SITUATION INSOLVENCY AND CREDITOR RIGHTS CENTRAL BANKING LAW LICENSE REQUIREMENT NATIONAL PAYMENT SYSTEM ANTI MONEY LAUNDERING MEASURES CIVIL PROCEEDINGS BUSINESS REGISTRATION COURT SYSTEM |
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FINANCIAL SECTOR LEGISLATION AND REGULATION FOREIGN CURRENCY RESERVE FINANCIAL SITUATION INSOLVENCY AND CREDITOR RIGHTS CENTRAL BANKING LAW LICENSE REQUIREMENT NATIONAL PAYMENT SYSTEM ANTI MONEY LAUNDERING MEASURES CIVIL PROCEEDINGS BUSINESS REGISTRATION COURT SYSTEM World Bank International Monetary Fund Moldova Financial Sector Assessment Program : Technical Notes |
| geographic_facet |
Europe and Central Asia Europe and Central Asia Moldova |
| description |
Moldova declared its independence in
August 1991 and adopted its current constitution in July
1994. Over the intervening decade, the legal framework
governing the regulation and supervision of the
country's financial and business sectors has undergone
significant reform. However, Moldova has lagged behind in
the creation of a business-friendly legal and tax
environment. Recent reports and surveys have confirmed that
the risks and costs of doing business are high and that
administrative burdens of all kinds are excessive. Access to
finance is limited and regulatory compliance costs are
amongst the highest in the region. Moldova might wish to
emulate the practice of India, for example, where the
authorities have sought to address this issue by requiring
inspection officials to complete a logbook at the premises
of the company undergoing inspection, explaining why they
are inspecting and summarizing their findings. To their
credit, the Moldovan authorities have recognized many of the
major areas in need of review and restructuring and have
embarked upon an ambitious legal reform agenda. |
| format |
Report |
| author |
World Bank International Monetary Fund |
| author_facet |
World Bank International Monetary Fund |
| author_sort |
World Bank |
| title |
Moldova Financial Sector Assessment Program : Technical Notes |
| title_short |
Moldova Financial Sector Assessment Program : Technical Notes |
| title_full |
Moldova Financial Sector Assessment Program : Technical Notes |
| title_fullStr |
Moldova Financial Sector Assessment Program : Technical Notes |
| title_full_unstemmed |
Moldova Financial Sector Assessment Program : Technical Notes |
| title_sort |
moldova financial sector assessment program : technical notes |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/586881468057373495/Moldova-Financial-sector-assessment-program-technical-note http://hdl.handle.net/10986/36218 |
| _version_ |
1764484690767511552 |