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Moldova: Recent Economic Developments

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  • International Monetary Fund

Abstract

This paper reviews economic developments in Moldova during 1995–98. 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 to accelerate and deepen structural reforms and consolidate the stabilization effort. Performance in 1996 and 1997 was mixed. The annual inflation was further reduced to 15 percent at end-1996 and 11 percent at end-1997.

Suggested Citation

  • International Monetary Fund, 1999. "Moldova: Recent Economic Developments," IMF Staff Country Reports 1999/110, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:1999/110
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=3232
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    Cited by:

    1. Mr. Driton Qehaja, 2012. "Fiscal Policy Response to External Crises the Case of Moldova 1998-2010," IMF Working Papers 2012/082, International Monetary Fund.

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