ROLE OF NON-REIMBURSABLE FINANCIAL ASSISTANCE ON THE SUSTAINABLE DEVELOPMENT GOALS

Abstract

Foreign financial aid, both repayable and nonrepayable, plays a key role in the economic development trajectories of recipient countries as part of Official Development Assistance (ODA). The effects, whether positive or negative, can be observed in various development indicators, the outcomes being influenced by external factors (crises, political context). Despite the ongoing debate and scholastic divergence, a gap in empirical investigations persists, pertaining to the assessment of the contribution of financial assistance to the achievement of the Sustainable Development Goals (SDGs) outlined in the 2030 Agenda for Sustainable Development. This research aims to fill that gap by investigating the role of foreign assistance in helping the Republic of Moldova reach its SDGs. The applied methodology involves factorial analysis correlated with statistical analysis. The research underscores the indispensable role of financial assistance in achieving sustainable development goals in the case of the Republic of Moldova.

Keywords

• official development assistance
• financial assistance
• sustainable development goals
• economic development; efficiency.