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Republic of Moldova: 2021 Article IV Consultation and Requests for an Arrangement under the Extended Fund Facility and an Arrangement under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Moldova

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  • International Monetary Fund

Abstract

The 2016–20 ECF/EFF helped rehabilitate Moldova’s banking sector, bolstering macro-financial stability. However, the COVID-19 pandemic, drought in 2020, and the ongoing surge in global energy prices, have slowed economic activity, intensified downside risks, and complicated policy making. While emergency financial assistance under a blended RCF/RFI (100 percent of quota) and SDR allocation (US$236 million) helped cushion the pandemic’s impact, Moldova remains among the poorest countries in Europe with long-standing governance and structural weaknesses inhibiting income convergence.

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  • International Monetary Fund, 2022. "Republic of Moldova: 2021 Article IV Consultation and Requests for an Arrangement under the Extended Fund Facility and an Arrangement under the Extended Credit Facility-Press Release; Staff Report; an," IMF Staff Country Reports 2022/001, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2022/001
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    Keywords

    inflation targeting framework; governance diagnostics summary finding; authorities' policy platform; policy mix; EFF arrangement; expenditure policy; Policy discussion; Stress testing; Debt sustainability analysis; Global; Eastern Europe; Europe;
    All these keywords.

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