Legal Valences of Public Private Partnership in the Republic of Moldova as an Economic Tool for Innovative Directions of Development
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CĂLUGĂREANU, Irina. Legal Valences of Public Private Partnership in the Republic of Moldova as an Economic Tool for Innovative Directions of Development. In: International Journal of Social Science Studies, 2021, vol. 9, nr. 1, pp. 34-40. ISSN 2324-8033. DOI: https://doi.org/10.11114/ijsss.v9i15110
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International Journal of Social Science Studies
Volumul 9, Numărul 1 / 2021 / ISSN 2324-8033 /ISSNe 2324-8041

Legal Valences of Public Private Partnership in the Republic of Moldova as an Economic Tool for Innovative Directions of Development

DOI:https://doi.org/10.11114/ijsss.v9i15110

Pag. 34-40

Călugăreanu Irina
 
Academy of Economic Studies of Moldova
 
Proiecte:
 
Disponibil în IBN: 8 aprilie 2024


Rezumat

The current economic situation leads to significant changes in the social sector of society. Formerly owned by the state, the infrastructure objects are transferred to private companies, the state reserving the right to regulate and monitor the subsequent activities of these objects. The public private partnership is based on the cooperation between the public partner and the private partner to increase the efficiency of the public patrimony, each partner assuming concrete risks, innovations, and responsibi lities. The Republic of Moldova development required the introduction of innovative management tools for implementing state and regional development strategies, such as the new format of specific programs, strategies for developing regional clusters, the introduction of public private partnership principles. Governments understood that PPPs could help overcome the situation in the Republic of Moldova when medium and long term financing sources with a maturity of 3 years are virtually inaccessible within th e existing banking system. This situation, combined with a constant lack of financial resources in the budget, suggests that the initiation of the PPP is an alternative tool to further the country's infrastructure development. The article reviews the local legal valences on the public private partnerships as an economic tool for innovative directions of development and the main weaknesses of the Republic of Moldova framework

Cuvinte-cheie
Economy, Models, public private partnership, state, private environ ment, Implementation, company, development.