IMF Staff Country Reports

Republic of Moldova: Staff Report for the 2004 Article IV Consultation

Publication Date:

February 17, 2005

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2004 Article IV Consultation highlights that economic activity in Moldova benefited from a favorable external environment in 2003–04. GDP grew by 6.3 percent in 2003, advancing to 6.5 percent (year over year) in the first half of 2004. Large and rising workers’ remittances underpinned consumption-led growth, helping consolidate Moldova’s recovery from the 1998 regional crisis. Progress in structural reforms remains slow, while high transaction costs continue to hold back private sector-led growth. Some progress has been registered in fiscal reforms, and in revising the legal framework affecting investment, microfinance, audit, accounting, and leasing.

Series:

Country Report No. 2005/048

Subject:

Currencies Expenditure External debt Fiscal policy Inflation Prices Public debt