Moldova: Recent Economic Developments

August 5, 1998

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Moldova: Recent Economic Developments, (USA: International Monetary Fund, 1998) accessed September 19, 2024

Summary

This paper reviews economic developments in the Republic of Moldova during 1993–97. In 1993, the authorities adopted a comprehensive program of financial stabilization supported by a stand-by arrangement with the IMF. By 1995, the fiscal deficit had been cut to 5¾ percent of GDP and annual inflation had fallen to 24 percent. Exports and imports recovered rapidly, with the current account deficit narrowing to 8½ percent of GDP. In 1996, the authorities adopted a three-year program supported by resources under the extended IMF facility to accelerate and deepen the structural reforms.

Subject: Banking, Commercial banks, Currencies, Expenditure, Exports, Financial institutions, Imports, International trade, Monetary base, Money

Keywords: Asia and Pacific, Baltics, Banking system, Broad money, Central and Eastern Europe, Commercial banks, CR, Currencies, Debt service, Eastern Europe, Exports, Global, Imports, Income tax, Interest rate, ISCR, Moldovan authorities, Monetary policy, Treasury bill, U.S. dollar

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1998/058
Stock No:

1MDAEA0011998
ISBN:

9781451824926
ISSN:

1934-7685

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