Republic of Moldova: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criterion: Staff Report; Staff Supplement; and Press Release
October 2, 2008
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This paper examines the Republic of Moldova’s Fourth Review under the Poverty Reduction and Growth Facility and request for Waiver of Nonobservance of Performance Criterion. Investors have been attracted by Moldova’s low costs, and export prospects have improved with the resumption of wine exports to Russia and a new trade agreement with the European Union. Inflation is the main concern. While rising inflation partly reflects regional trends in food and energy prices, strong demand has been adding to inflation pressures.
Subject: Balance of payments, Banking, Currencies, Current account deficits, External debt, Financial institutions, Inflation, Lines of credit, Monetary base, Money, Prices
Keywords: CR, Currencies, Current account deficits, current account development, Europe, Global, growth facility, health insurance fund, Inflation, inflation in June, ISCR, Lines of credit, PRGF, PRGF arrangement, staff appraisal, State treasury
Pages:
64
Volume:
2008
DOI:
Issue:
320
Series:
Country Report No. 2008/320
Stock No:
1MDAEA2008007
ISBN:
9781451825183
ISSN:
1934-7685
