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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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
Pages:
70
Volume:
2011
DOI:
Issue:
200
Series:
Country Report No. 2011/200
Stock No:
1MDAEA2011003
ISBN:
9781462326426
ISSN:
1934-7685
