Moldova has made considerable progress in reforming its business environment over the past several years, but much work remains to complete its transition to a mature, stable economy. The United States Agency for International Development (USAID) Business Regulatory, Investment, and Trade Environment (BRITE) Program is designed to support this transition by fostering the reforms necessary to attract investment, encourage entrepreneurship, increase competitiveness, and solidify the foundation of the country's market economy. In particular, USAID BRITE works in the following focus areas:
• Improving tax administration to reduce the time and cost required to pay taxes, while increasing revenues for the government.
• Streamlining key business processes to decrease the administrative burden of compliance with regulations while increasing governmental transparency.
• Supporting trade-facilitating reforms that increase both state revenues and overall efficiency in the area of moving goods across borders.
• Identifying and supporting implementation of high-impact regulatory reforms to improve the business environment.
• Harnessing the power of strategic communications to support the initiation and implementation of reform processes, while building communications capacity within the public and private sectors.
Central to USAID BRITE's approach is prioritizing reforms identified by the private sector as particular impediments to doing business in Moldova. In this way, the project addresses demand for reforms, while building the Government of Moldova's capacity to supply it.
As a country with geographic, political, and economic challenges, Moldova starts with a significant disadvantage in the competition for foreign investment. Through BRITE, USAID helps Moldova to signal its clear commitment to creating the conditions required for businesses to grow and prosper.
The USAID BRITE Program is implemented by Chemonics International and the Economic Integration Forum.