IMF Staff Country Reports

Republic of Moldova: 2021 Article IV Consultation and Requests for an Arrangement under the Extended Fund Facility and an Arrangement under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Moldova

January 4, 2022

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Republic of Moldova: 2021 Article IV Consultation and Requests for an Arrangement under the Extended Fund Facility and an Arrangement under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Moldova, (USA: International Monetary Fund, 2022) accessed September 20, 2024

Summary

The 2016–20 ECF/EFF helped rehabilitate Moldova’s banking sector, bolstering macro-financial stability. However, the COVID-19 pandemic, drought in 2020, and the ongoing surge in global energy prices, have slowed economic activity, intensified downside risks, and complicated policy making. While emergency financial assistance under a blended RCF/RFI (100 percent of quota) and SDR allocation (US$236 million) helped cushion the pandemic’s impact, Moldova remains among the poorest countries in Europe with long-standing governance and structural weaknesses inhibiting income convergence.

Subject: Debt sustainability analysis, External debt, Financial regulation and supervision, Financial sector policy and analysis, International organization, Monetary policy, Public debt, Stress testing

Keywords: Authorities' policy platform, Debt sustainability analysis, Eastern Europe, EFF arrangement, Europe, Expenditure policy, Global, Governance diagnostics summary finding, Inflation targeting framework, Policy discussion, Policy mix, Stress testing

Publication Details

  • Pages:

    129

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2022/001

  • Stock No:

    1MDAEA2022001

  • ISBN:

    9781616357382

  • ISSN:

    1934-7685

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