IMF Staff Country Reports

Republic of Moldova: Third Reviews Under the Extended Arrangement and Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria: Staff Report; Staff Supplement; Press Release.

July 25, 2011

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Republic of Moldova: Third Reviews Under the Extended Arrangement and Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria: Staff Report; Staff Supplement; Press Release., (USA: International Monetary Fund, 2011) accessed September 19, 2024

Summary

The economy is on the right track, and program performance has been good. Fiscal adjustment is on track to restore fiscal sustainability. The adjustment plan appropriately focuses on reducing current spending while increasing investment and protecting the most vulnerable. The current monetary stance is adequate. Completion of the crisis preparedness and debt resolution frameworks will reduce vulnerability to shocks and promote financial intermediation. Progress toward restoring financial sustainability in the energy sector has been slow. Improving the business climate and promoting exports remain key.

Subject: Currencies, Debt sustainability analysis, External debt, Money, Public and publicly-guaranteed external debt, Public debt

Keywords: Central and Eastern Europe, Core inflation, Cost recovery, CR, Currencies, Current account, Debt service, Debt service indicator, Debt sustainability analysis, Deficit, Europe, GDP deflator, Global, ISCR, Public and publicly-guaranteed external debt

Publication Details

  • Pages:

    70

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/200

  • Stock No:

    1MDAEA2011003

  • ISBN:

    9781462326426

  • ISSN:

    1934-7685