{
  "title": "Republic of Moldova: Second Post-Program Monitoring Discussions",
  "publication": "IMF Staff Country Reports, December 17, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-moldova-second-post-program-monitoring-discussions-42530",
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  "summary": "This paper presents Second Post-Program Monitoring Discussions focusing on Moldova. Governance in the banking system remains poor and the condition of some large banks is fragile.",
  "publishDate": "2014-12-17",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Banking sector: governance and fragility",
      "content": "- Governance in the banking system remains poor.\n- The condition of some large banks is fragile.\n- Discussions focused on policies to address the significant risks in the banking sector."
    },
    {
      "heading": "Fiscal position and budget financing",
      "content": "- The budget faces a tight financing situation.\n- Without corrective measures, the deficit is projected to widen significantly in 2015.\n- Discussions emphasized returning to a path of fiscal consolidation."
    },
    {
      "heading": "External sector, trade shocks, and inflation",
      "content": "- Russia’s new restrictions on imports from Moldova are exacerbating the ongoing slowdown in activity.\n- These restrictions are easing inflationary pressures.\n- The restrictions are weakening export performance.\n- Preserving external stability was a focus of the discussions."
    },
    {
      "heading": "Policy priorities and objectives discussed",
      "content": "- Address significant risks in the banking sector.\n- Return to fiscal consolidation to stabilize the budget and financing outlook.\n- Boost potential growth and preserve external stability in the face of trade shocks.\n\n---\n\n Content in this bundle\n\n- Cr14346\n  - Cr14346 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr14346 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-moldova-second-post-program-monitoring-discussions-42530"
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    "Published: December 17, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498374668.002",
    "Governance in the banking system remains poor.",
    "The condition of some large banks is fragile.",
    "Discussions focused on policies to address the significant risks in the banking sector.",
    "The budget faces a tight financing situation.",
    "Without corrective measures, the deficit is projected to widen significantly in 2015.",
    "Discussions emphasized returning to a path of fiscal consolidation.",
    "Russia’s new restrictions on imports from Moldova are exacerbating the ongoing slowdown in activity.",
    "These restrictions are easing inflationary pressures.",
    "The restrictions are weakening export performance.",
    "Preserving external stability was a focus of the discussions.",
    "Address significant risks in the banking sector.",
    "Return to fiscal consolidation to stabilize the budget and financing outlook.",
    "Boost potential growth and preserve external stability in the face of trade shocks.",
    "**Cr14346**"
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