Investment Reform Index 2010

Monitoring Policies and Institutions for Direct Investment in South-East Europe

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Using an innovative methodology, the Investment Reform Index 2010 (IRI 2010) monitors investment-related policy reforms in the economies of South-East Europe and compares these to best practices in the OECD area. Based on inputs from governments, the private sector, independent experts and multilateral organisations active in the region, the IRI 2010 assesses policies and institutional settings in eight fields of policy critical to domestic and foreign investors. These are: investment policy and promotion; human capital development; trade policy and facilitation; access to finance; regulatory reform and parliamentary processes; infrastructure for investment; tax policy analysis; and SME policy. For the economies examined, the IRI 2010 provides an independent and rigorous assessment of investment-related policy settings and reform against international good practice, guidance for policy reform and development and an evidence base with which to facilitate prioritisation of donor activities supporting investment and growth.



The Republic of Moldova

In 2008, the GDP per capita at purchasing power parity was USD 2 986, significantly below the average of USD 11 460 for the region. The economy experienced annual real GDP growth of 5.6% between 2005 and 2008, below the average of 6.1% for SEE economies1 (IMF, 2009). Emigration has emerged as a significant phenomenon and has resulted in a reduced workforce. As a consequence, while in 2000 the existence of a low-cost and abundant workforce was a factor attracting foreign investments in the Republic of Moldova, this is no longer the case (Foreign Investors Association of the Republic of Moldova, 2009).


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