Republic of Moldova: Request for a Three-Year Arrangement Under the Extended Credit Facility and Request for an Extended Arrangement

February 1, 2010

Preview Citation

Format: Chicago

Republic of Moldova: Request for a Three-Year Arrangement Under the Extended Credit Facility and Request for an Extended Arrangement, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

This paper discusses Moldova’s request for a Three-Year Arrangement under the Extended Credit Facility and request for an Extended Arrangement. The economy remained overregulated and hampered by relative price distortions. High barriers to entry and low competition in telecommunications, trade, and food processing have kept domestic prices significantly above international prices of many consumer products. In contrast, utility tariffs generally remained well below cost-recovery levels, leading to substantial arrears and underinvestment. The crisis and pre-election spending hikes resulted in a large increase in the fiscal deficit.

Subject: Depreciation, External debt, Fiscal policy, Fiscal stance, National accounts, Public and publicly-guaranteed external debt, Public debt

Keywords: Authorities' understanding, Central and Eastern Europe, CR, Deficit, Depreciation, Executive Board discussion, Fiscal stance, Global, Government, Growth Facility, ISCR, Percent year-on-year GDP decline, Public and publicly-guaranteed external debt, Real GDP growth, Staff appraisal

Publication Details

Pages:

91
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/032
Stock No:

1MDAEA2010001
ISBN:

9781451825190
ISSN:

1934-7685

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