Republic of Moldova: 2007 Article IV Consultation and Third Review Under the Three: Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Moldova
April 25, 2008
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Moldova showed improved growth prospects and decline in poverty despite a series of consecutive shocks under the economic program. Executive Directors commended the balanced macroeconomic policies and urged to maintain macroeconomic stability. They also appreciated the strong monetary policy by National Bank of Moldova (NBM), disciplined fiscal policies, financial sector stability and consolidation of education and health care networks, and stressed the need to strengthen tax administration while maintaining the deficit target. The need for modernization of energy sector and effective implementation of Anti Money Laundering and Combating the Financing of Terrorism (AML/CLT) law were also found to be essential.
Subject: Budget planning and preparation, Economic sectors, External debt, Privatization, Public debt, Public financial management (PFM), Tariffs, Taxes
Keywords: annex, authorities' reform effort, Budget planning and preparation, CR, Eastern Europe, Europe, growth, growth Facility-Informational annex, ISCR, PRGF arrangement, Privatization, reform effort, state, State tax inspectorate, Tariffs
Pages:
118
Volume:
2008
DOI:
Issue:
139
Series:
Country Report No. 2008/139
Stock No:
1MDAEA2008004
ISBN:
9781451825152
ISSN:
1934-7685
