Economics

UNDP TO ASSESS SOCIO-ECONOMIC IMPACT OF COVID-19 IN MOLDOVA

15 april, 2020

Experts of the United Nations Development Program (UNDP) will assess the coronavirus pandemic’s impact on the socio-economic development in Moldova to support recovery of vulnerable groups and local businesses.

According to the UNDP Office in Moldova, besides health effects, Covid-19 pandemic will have significant negative social and economic consequences.

According to preliminary date, the lockdown has already put tremendous strains on the Moldovan labor market, has hardly hit local businesses, and has affected vulnerable groups, including those heavily relaying on remittances.

“Moldovan women will be even more affected, as they are in frontline domains that will be impacted the most from COVID-19, such as medical or educational sector or industries that had to close because of the pandemic. It is, therefore, important to understand the extent of the effects of COVID-19 pandemic in order to prepare evidence-based measures to mitigate this impact”, the experts say.

According to them, with its presence on the ground on 2/3 of the territory and its partnerships with UN entities, development partners, private sector and business associations, UNDP Moldova is well positioned to conduct such an assessment using its inclusive development programming and capacities to use new types of data to build the needed evidence.

“The socio-economic impact assessment we will embark will provide evidence to the Government to address and recover from COVID-19 consequences”, noted Dima Al-Khatib, UNDP Resident Representative for the Republic of Moldova.

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