IMF Staff Country Reports

Republic of Moldova: Fifth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, First Review Under the Arrangement Under the Resilience and Sustainability Facility, and Request for Modification of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Moldova

July 11, 2024

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. European Dept. "Republic of Moldova: Fifth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, First Review Under the Arrangement Under the Resilience and Sustainability Facility, and Request for Modification of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Moldova", IMF Staff Country Reports 2024, 208 (2024), accessed November 21, 2024, https://doi.org/10.5089/9798400282218.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

This paper highlights Republic of Moldova’s Fifth Reviews under the Extended Credit Facility and Extended Fund Facility Arrangements, First Review under the Arrangement under the Resilience and Sustainability Facility, and Request for Modification of a Performance Criterion. The recovery of the economy from the multiple shocks has been slower than anticipated, with growth lower than expected in 2023 and more subdued in 2024. Inflation has remained within the National Bank of Moldova’s target band since last October. The authorities’ continued focus on contingency planning, while maintaining agile policies, has helped contain the impact of recent shocks. Going forward, ongoing efforts to undertake growth-friendly reforms, strengthen energy security, and promote climate resilient investments, while pursuing the path toward EU accession, will support Moldova’s development objectives. Continued progress on anti-corruption reforms is needed to further increase trust in Moldova’s institutions and foster socio-economic development. Adoption of the law establishing a new Anti-Corruption Court, expected this summer, would be a key welcomed development, and the authorities should operationalize the Court quickly and effectively.

Subject: Climate change, Climate finance, Climate policy, Credit, Environment, Money, Natural disasters

Keywords: Climate change, Climate finance, Climate policy, Credit, EU agenda, EU integration, EU integration agenda, Global, Natural disasters, Policy commitment, Weather events risk

Publication Details

You May Also Be Interested In...

Unlocking Adaptation Finance in Emerging Market and Developing Economies

November 19, 2024

Colombia: Technical Assistance Report-Report of the Diagnostic Mission on Macro-relevant Climate Change Statistics (July 17–21, 2023)

November 8, 2024

Republic of Tajikistan: Technical Assistance Report-Public Investment Management Assessment with the Climate Module

November 8, 2024

South Africa: Technical Assistance Report-Report on the Compilation of Energy and Air Emissions Accounts Mission (June 10-14, 2024)

November 8, 2024