Republic of Moldova: Selected Issues

International Monetary Fund

No 2023/429, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper discusses opportunities and challenges of climate adaptation policies in Moldova. Strengthening resilience to natural disasters will require significant adaptation investments in the coming years. This paper shows that such investments can substantially reduce output losses caused by natural disasters, will be more cost-efficient than responding to disasters ex-post, and will contribute to boost Moldova’s long-term economic growth and support its development objectives. However, due to limited domestic financial resources in a complex economic environment, Moldova cannot finance the most-needed adaptation investments without endangering public debt sustainability or hindering its growth potential. Therefore, external support will be critical to help meet the adaptation needs.

Keywords: quantifying Adaptation investment; Adaptation gap; macro impact; debt financing of Adaptation investment; economic growth in Moldova; Corruption; Infrastructure; Climate change; Natural disasters; Europe; Global; Eastern Europe (search for similar items in EconPapers)
Pages: 36
Date: 2023-12-19
New Economics Papers: this item is included in nep-cis
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=542621 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2023/429

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().