Public-private Partnerships in the Republic of Moldova: Evolution, Accounting Challenges and Economic Impact

The public-private partnership (PPP) is one of the contemporary leveraging types of a common-interest coalition between a public authority and the private sector, the social mission being at its core. Experience in developed countries shows that a PPP is a direct alternative aimed for exploiting the state assets, improving public services and enhancing social well-being, while reducing pressure on the state's budget. The paper defines the concept PPP, presents its main features at both national and international levels, and analyses the way a PPP is construed in the regulatory and legislative acts, as well as in the relevant academic literature. The author provides a clear, data-based overview of PPP developments in the Republic of Moldova, including the number of projects implemented and monitored by the Public Property Agency (PPA), and the projects' investment value compared to that of European Union (EU) Member States.