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Moldova: Recent Economic Developments

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  • International Monetary Fund

Abstract

This paper reviews economic developments in the Republic of Moldova during 1993–97. In 1993, the authorities adopted a comprehensive program of financial stabilization supported by a stand-by arrangement with the IMF. By 1995, the fiscal deficit had been cut to 5¾ percent of GDP and annual inflation had fallen to 24 percent. Exports and imports recovered rapidly, with the current account deficit narrowing to 8½ percent of GDP. In 1996, the authorities adopted a three-year program supported by resources under the extended IMF facility to accelerate and deepen the structural reforms.

Suggested Citation

  • International Monetary Fund, 1998. "Moldova: Recent Economic Developments," IMF Staff Country Reports 1998/058, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1998/058
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=2668
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    Cited by:

    1. Mr. Mark J Flanagan, 2008. "Resolving a Large Contingent Fiscal Liability: Eastern European Experiences," IMF Working Papers 2008/159, International Monetary Fund.

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