Republic of Moldova: Request for a Three-Year Arrangement Under the Extended Credit Facility and Request for an Extended Arrangement
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper discusses Moldova’s request for a Three-Year Arrangement under the Extended Credit Facility and request for an Extended Arrangement. The economy remained overregulated and hampered by relative price distortions. High barriers to entry and low competition in telecommunications, trade, and food processing have kept domestic prices significantly above international prices of many consumer products. In contrast, utility tariffs generally remained well below cost-recovery levels, leading to substantial arrears and underinvestment. The crisis and pre-election spending hikes resulted in a large increase in the fiscal deficit.
Series:
Country Report No. 2010/032
Subject:
Depreciation External debt Fiscal policy Fiscal stance National accounts Public and publicly-guaranteed external debt Public debt
English
Publication Date:
February 1, 2010
ISBN/ISSN:
9781451825190/1934-7685
Stock No:
1MDAEA2010001
Pages:
91
Please address any questions about this title to publications@imf.org