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Republic of Moldova: Staff Report for the 2012 Article IV Consultation, Fifth Reviews Under the Extended Arrangement and Under the Three-Year Arrangement Under the Extended Credit Facility, and Requests for Waivers for Non-Observance and Modification of Performance Criteria

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  • International Monetary Fund

Abstract

After the 2009 crisis, policies have improved markedly, backed by substantial foreign assistance. Notably, fiscal adjustment has reduced the large budget imbalance, monetary policy has tamed inflation, and structural reforms have spurred strong export expansion. These reforms led to impressive growth in 2010–11, but activity decelerated in 2012, reflecting the slowdown in the EU. The economy is highly exposed to further intensification of the euro area crisis via its dependence on remittances, exports, and capital inflows.

Suggested Citation

  • International Monetary Fund, 2012. "Republic of Moldova: Staff Report for the 2012 Article IV Consultation, Fifth Reviews Under the Extended Arrangement and Under the Three-Year Arrangement Under the Extended Credit Facility, and Reques," IMF Staff Country Reports 2012/288, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/288
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40057
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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.

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