Republic of Moldova: 2010 Article IV Consultation and Staff Report for the 2010 Article IV Consultation, First Reviews Under the Extended Arrangement and Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of a Performance Criterion: Staff Report; Staff Statement and Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Moldova

International Monetary Fund

No 2010/234, IMF Staff Country Reports from International Monetary Fund

Abstract: The Moldovan economy is recovering steadily following the recession triggered by the global crisis. The key challenge is to ensure fiscal, financial, and external sustainability while igniting new engines of growth. Monetary policy strikes the right balance between keeping inflation low and supporting the recovery. The monetary policy framework could benefit from more flexibility. Stepping up exports is a key to achieving high and sustainable growth over the medium term. Bringing the energy sector to financial sustainability should remain high on the government’s agenda.

Keywords: ISCR; CR; development policy loan; government; staff appraisal; policy; accommodative monetary policy stance; authorities project; Russia's consumer protection agency; growth recovery; Credit; Budget planning and preparation; Currencies; Global (search for similar items in EconPapers)
Pages: 81
Date: 2010-07-29
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