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Republic of Moldova: Second Reviews Under the Extended Arrangement and Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Waiver of Applicability of Performance Criteria-Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Moldova

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  • International Monetary Fund

Abstract

Moldova’s economy has nearly recovered from the 2009 recession, with GDP growing by almost 7 percent in 2010. GDP rebounded by 6.9 percent in 2010 after declining by 6 percent in 2009. The key objectives for 2011 are to advance fiscal consolidation, keep inflation under control despite adverse shocks, and support balanced growth. The growth momentum is expected to continue in 2011 and beyond, leading to a temporary widening of the current account deficit. The 2011 budget seeks to maintain the pace of fiscal consolidation with emphasis on permanent reduction in current spending.

Suggested Citation

  • International Monetary Fund, 2011. "Republic of Moldova: Second Reviews Under the Extended Arrangement and Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Waiver of Applicability of Performance Crite," IMF Staff Country Reports 2011/089, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/089
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=24794
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    Cited by:

    1. World Bank, 2013. "Burundi Public Expenditure Review : Strengthening Fiscal Resilience to Promote Government Effectiveness [République du Burundi - Burundi Revue des Dépenses Publiques - Renforcer l’efficacité des po," World Bank Publications - Reports 21283, The World Bank Group.
    2. Pierre-Richard AGENOR & Otaviano CANUTO, 2012. "Access to Infrastructure and Women’s Time Allocation: Evidence and a Framework for Policy Analysis," Working Papers P45, FERDI.
    3. Aqib Aslam & Enrico Berkes & Martin Fukac & Jeta Menkulasi & Axel Schimmelpfennig, 2014. "Afghanistan: Balancing Social and Security Spending in the Context of a Shrinking Resource Envelope," Asian Development Review, MIT Press, vol. 31(2), pages 165-197, September.
    4. Leo Zulu & Sigismond Wilson, 2012. "Whose Minerals, Whose Development? Rhetoric and Reality in Post-Conflict Sierra Leone," Development and Change, International Institute of Social Studies, vol. 43(5), pages 1103-1131, September.
    5. Mr. Driton Qehaja, 2012. "Fiscal Policy Response to External Crises the Case of Moldova 1998-2010," IMF Working Papers 2012/082, International Monetary Fund.
    6. repec:wbk:wboper:16727 is not listed on IDEAS
    7. International Monetary Fund, 2013. "Mali: Staff Report for the 2012 Article IV Consultation, Request for Disbursement Under the Rapid Credit Facility, and Cancellation of the Extended Credit Facility Arrangement," IMF Staff Country Reports 2013/044, International Monetary Fund.

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