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

February 17, 2005

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Republic of Moldova: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 23, 2024

Summary

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.

Subject: Currencies, Expenditure, External debt, Fiscal policy, Inflation, Prices, Public debt

Keywords: Authority, Consumer price index inflation, CR, Europe, GDP, Inflation, ISCR, Low-inflation objective, Reform agenda, State chancellery, State intervention

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/048
Stock No:

1MDAEA2005001
ISBN:

9781451825022
ISSN:

1934-7685

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