Republic of Moldova: First Reviews Under the Extended Credit Facility, and Requests for Modification of Performance Criteria and Inflation Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director for Republic of Moldova
September 28, 2022
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Moldova’s economy is projected to stagnate in 2022 amid spillovers from Russia’s invasion of Ukraine. The war in Ukraine continues to weigh heavily on Moldova, although some initial pressures have subsided. Bank deposit net withdrawals came to an end and are now steadily being replenished. The leu depreciated by about 8 percent so far while pressures on foreign reserves have eased. About 550,000 refugees fleeing the war (representing more than 20 percent of the Moldovan population) have transited through Moldova, with about a fifth remaining in the country. Driven by rising food and energy prices, inflation accelerated further above the target band.
Subject: Budget planning and preparation, Credit, Energy prices, Import prices, Inflation, International organization, Monetary policy, Money, Prices, Public financial management (PFM)
Keywords: Budget planning and preparation, Central and Eastern Europe, Credit, Energy prices, General government budget, Global, governance reform, Import prices, Inflation, inflation consultation clause, Policy discussion, policy effectiveness, program implementation
Pages:
80
Volume:
2022
DOI:
Issue:
320
Series:
Country Report No. 2022/320
Stock No:
1MDAEA2022006
ISBN:
9798400220135
ISSN:
1934-7685
