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Republic of Moldova: Request for a Three-Year Arrangement Under the Extended Credit Facility and Request for an Extended Arrangement

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2010. "Republic of Moldova: Request for a Three-Year Arrangement Under the Extended Credit Facility and Request for an Extended Arrangement," IMF Staff Country Reports 2010/032, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/032
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23590
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    Cited by:

    1. Jouko Kinnunen & Hans Lofgren & Victor Sulla & Dino Merotto, 2012. "External shocks, fiscal policy and income distribution: Alternative scenarios for Moldova," EcoMod2012 4137, EcoMod.
    2. 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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