Moldova: Recent Economic Developments

International Monetary Fund

No 1998/058, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in the Republic of Moldova during 1993–97. In 1993, the authorities adopted a comprehensive program of financial stabilization supported by a stand-by arrangement with the IMF. By 1995, the fiscal deficit had been cut to 5¾ percent of GDP and annual inflation had fallen to 24 percent. Exports and imports recovered rapidly, with the current account deficit narrowing to 8½ percent of GDP. In 1996, the authorities adopted a three-year program supported by resources under the extended IMF facility to accelerate and deepen the structural reforms.

Keywords: ISCR; CR; debt service; banking system; broad money; Moldovan authorities; treasury bill; interest rate; income tax; U.S. dollar; monetary policy; Currencies; Imports; Exports; Commercial banks; Eastern Europe; Central and Eastern Europe; Asia and Pacific; Baltics; Global (search for similar items in EconPapers)
Pages: 86
Date: 1998-08-05
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=2668 (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:1998/058

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 ().