Republic of Moldova: Staff Report for the 2002 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria
August 26, 2002
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This paper examines the Republic of Moldova’s 2002 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and a Request for Waiver of Performance Criteria. Moldova has followed sound macroeconomic policies, and most financial targets under the 2001 program were met. Structural reforms slowed in 2001, but gained momentum in 2002. Implementation of most program benchmarks was delayed because of a change in government. The focus now is on fiscal reforms and on improvements in the legal framework.
Subject: Arrears, Central banks, Debt service, External debt, Financial institutions, International reserves, Project loans
Keywords: Arrears, CR, debt service, Debt service, end-of-period inflation, expenditure arrears, fiscal policy, International reserves, ISCR, Moldova, monetary policy, Project loans, PRSP Preparation Status Report, Three-Year PRGF Arrangement, Western Europe
Pages:
72
Volume:
2002
DOI:
Issue:
190
Series:
Country Report No. 2002/190
Stock No:
1MDAEA0012002
ISBN:
9781451824964
ISSN:
1934-7685
