Republic of Moldova: Selected Issues Paper
IMF Staff Country Reports, July 27, 2010
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- Republic of Moldova: Selected Issues Paper
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Bibliographic details
- Published: July 27, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455204908.002
Summary of substantive findings
- The composition of short-term and medium-term adjustment measures will facilitate sufficient short-term adjustment flexibility, and be consistent with medium-term fiscal sustainability.
- Improving debt resolution instruments will help the banks to regain confidence in lending.
- There is a need to consider improvements in the liquidity framework.
- The main factors that shaped the economic growth model in Moldova in the last decade and the risks of the current growth model are outlined.
- Public policies can promote growth by identifying and addressing the most binding constraints to development.
Policy recommendations and implications
- Design adjustment measures that balance short-term flexibility with medium-term fiscal sustainability.
- Strengthen debt resolution instruments to restore bank confidence and encourage lending.
- Improve the liquidity framework to support financial system functioning.
- Target public policies to remove the binding constraints to development to promote sustainable growth.
Thematic coverage (subjects and keywords)
- Subjects: Banking, Expenditure, Labor, Pension spending, Pensions, Public employment, Wages
- Keywords: bank, bill measure, CR, Eastern Europe, Europe, GDP growth, Global, growth model, growth performance, interest rate, ISCR, monetary policy, Pension spending, Pensions, Public employment, system reform, wage, wage bill, Wages
Content in this bundle
- Republic of Moldova: Selected Issues Paper; IMF Country Report 10/232; July 1, 2010