The term “resilience” has been used extensively in recent years. It has become one of the favorite concepts of the PAS government, to the point that the Presidency even created the position of Envoy for Development and Resilience.

Meanwhile, according to the 2026 special edition of the Global Investment Risk and Resilience Index (GIRRI), the Republic of Moldova has fallen from 82nd to 101st place in the global ranking that measures investment risk and countries’ capacity to withstand crises.

Of course, the regional context cannot be ignored. The war in Ukraine, the energy crisis, and the slowdown of the European economy have affected the entire region. But it is precisely in such periods that one can see whether a government’s reforms produce real results or remain merely communication exercises.

In other words, after nearly five years of PAS governance, the country is perceived as less attractive for investment and less prepared to manage economic challenges than it was before.

It is difficult to find clearer evidence of the failure of the promised reforms.

PAS came to power promising strong institutions, credible justice, clear rules for the business environment, and a modern investment climate. These are exactly the areas that should have improved Moldova’s position in such rankings.

Instead, investors see something else: endless reforms without clear results, legislative instability, frequent changes to tax rules, increasingly intrusive control institutions, and a justice system that continues to raise more questions than confidence.

For years, we were told that all the country’s problems were inherited. That only time was needed. That investments would come after justice reform. That trust would grow after vetting. That the economy would accelerate after institutional reforms.
Today, the numbers show the opposite.

Private investment remains insufficient. The economy is stagnating. Public debt is rising. More and more people are leaving. And the country is losing ground in exactly the rankings that measure what the government claims to be reforming.

After almost five years of PAS governance, the Republic of Moldova has more strategies, more concepts, and more positions than ever before. But it has less trust, fewer investments, and weaker results. And this is no longer the effect of the regional context. It is the balance sheet of a government that promised historic reforms and is delivering fewer and fewer measurable outcomes.

Vlad Filat, leader of the Liberal Democratic Party of Moldova