Republic of Moldova: Staff Report for the 2004 Article IV Consultation

International Monetary Fund

No 2005/048, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2004 Article IV Consultation highlights that economic activity in Moldova benefited from a favorable external environment in 2003–04. GDP grew by 6.3 percent in 2003, advancing to 6.5 percent (year over year) in the first half of 2004. Large and rising workers’ remittances underpinned consumption-led growth, helping consolidate Moldova’s recovery from the 1998 regional crisis. Progress in structural reforms remains slow, while high transaction costs continue to hold back private sector-led growth. Some progress has been registered in fiscal reforms, and in revising the legal framework affecting investment, microfinance, audit, accounting, and leasing.

Keywords: ISCR; CR; authority; inflation; reform agenda; GDP; consumer price index inflation; state intervention; state chancellery; low-inflation objective; Europe (search for similar items in EconPapers)
Pages: 67
Date: 2005-02-17
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