Strengthening Environmental Fiscal Reform for National and Global Environment Management in Moldova - Request for CEO Approval Document (July 2011)

The project targets Capacity Development Objective 4, which calls for the development of sustainable financial mechanisms to meet the shared objectives under the three Rio Conventions.  The project's objective of reforming the administration of fees, fines, charges, taxes, and subsidies as they affect environmental protection is a critical need to ensuring streamlined financing of national activities for Moldova to meet international environmental obligations.

By reducing or eliminate environmentally harmful subsidies and reforming existing environmental subsidies and developing innovative financing mechanisms and instruments, specifically in the agricultural sector, the project will contribute to reduced anthropogenic pressures on natural resources from competing land uses and improved sustainable flows of agro-ecosystem services to sustaining the livelihoods of local communities as envisaged under the GEF land degradation strategy.