Republic of Moldova: First Reviews Under the Extended Credit Facility, and Requests for Modification of Performance Criteria and Inflation Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director for Republic of Moldova

International Monetary Fund

No 2022/320, IMF Staff Country Reports from International Monetary Fund

Abstract: Moldova’s economy is projected to stagnate in 2022 amid spillovers from Russia’s invasion of Ukraine. The war in Ukraine continues to weigh heavily on Moldova, although some initial pressures have subsided. Bank deposit net withdrawals came to an end and are now steadily being replenished. The leu depreciated by about 8 percent so far while pressures on foreign reserves have eased. About 550,000 refugees fleeing the war (representing more than 20 percent of the Moldovan population) have transited through Moldova, with about a fifth remaining in the country. Driven by rising food and energy prices, inflation accelerated further above the target band.

Keywords: General government budget; Policy discussion; program implementation; policy effectiveness; inflation consultation clause; governance reform; Inflation; Energy prices; Budget planning and preparation; Import prices; Credit; Global; Central and Eastern Europe (search for similar items in EconPapers)
Pages: 80
Date: 2022-09-28
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