EVALUATION OF THE LEVEL OF SUSTAINABLE DEVELOPMENT THROUGH THE PRISM OF FINANCIAL INSTRUMENTS FOR ITS PROMOTION
EVALUATION OF THE LEVEL OF SUSTAINABLE DEVELOPMENT THROUGH THE PRISM OF FINANCIAL INSTRUMENTS FOR ITS PROMOTION

Summary/Abstract: The present article examines the relationship between the financial instruments meant to stimulate sustainable growth and the level of meeting Sustainable Development Goals (SDGs). The urgency of the research is argued by the recognition of the sustainable development concept on a large scale on the global level. To consolidate the quality of the analysis and conclusions, there were selected several countries that are relatively small in terms of their territory, similar to the Republic of Moldova and Israel, and fall into different categories in terms of the amount of income per capita. Having applied a number of research methods, like scientific abstraction, induction, deduction, analysis and synthesis, it can be concluded that the EU member states demonstrate the highest level of achieving SDG, the Republic of Moldova, Armenia and Albania being much below the level of the EU member states, whereas Israel occupies an intermediary position between these two categoroes of countries. Insufficient and inefficient financing represents one of the major reasons explaining these developments. The article emphasizes the importance of reconsidering public finance, financial system, formal international financial assistance, direct investment, philanthropic donations in the Republic of Moldova through the prism of stimulating sustainable development.

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