22 June 2020 – Answers to these questions should be given by the Study on the impact of COVID-19 pandemic  on economic sectors to be carried out by the Economic Council in collaboration with the Ministry of Economy and Infrastructure, with the support of the European Bank for Reconstruction and Development in conjunction with other development partners and Council members.

It was launched on June 22, 2020 on the platform of the Economic Council to the Prime Minister of Moldova. Experts who will work on the study should collect information about sectors of the economy, group them by importance and how they were affected, so that later, state measures in this regard are developed. The information will be collected in a matrix which will allow the creation of a broad picture about how and in what way, sectors have been affected and which should be the tools of state intervention in concrete sectors.

This matrix will reduce the risks of wrong and repeated interventions by the state in the process of developing policies to support affected sectors. Present at the event, Minister of Economy and infrastructure Serghei Railean said that at present, studies are carried out periodically. These are necessary, because we are facing an unprecedented crisis with a great degree of uncertainty about how it can evolve and what other consequences it may have.

That’s why, data needs to be updated frequently. And the single platform proposed by the Economic Council, in which estimates of economic consequences will be gathered, will help link more quickly the urgent measures that the state must take.

The Secretariat of the Economic Council to the Prime Minister is supported by the European Bank for Reconstruction and Development, funded by the UK Government’s Good Governance Fund, and the International Finance Corporation’s Investment Climate Reform Project funded by the Government of Sweden’s International Development Agency.

The Secretariat of the Economic Council to the Prime Minister is supported by the European Bank for Reconstruction and Development, funded by the UK Government’s Good Governance Fund.