By Michel Nussbaumer, Director, Legal Transition Team, European Bank for Reconstruction and Development and Margarita Milikh, Regional Program Manager, Eastern Europe and Central Asia, International Development Law Organization. This piece originally appeared in the ALIFDO Gazette Winter 2018 Edition.
Despite recent progress, Moldova is still the poorest country in Europe, and its economy relies heavily on agriculture and needs to attract investment. The public perception of corruption among civil servants, including those serving in the judiciary, is very high. Effective and accountable public administration and justice are crucial for political stability and to gain citizen and investor confidence.
In order to facilitate reform in the judiciary, IDLO is working to promote and facilitate the use of arbitration and commercial mediation, with the overall aim of improving the business climate in the country.
A small lower-middle income economy, Moldova has made significant progress in reducing poverty and promoting inclusive growth since the early 2000s. While European integration has anchored the Government’s policy reform agenda, many reforms have yet to materialize and economic challenges remain.