Republic of Moldova: First Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements and Request for Modification of Performance Criteria-Press Release; and Staff Report

May 1, 2017

Preview Citation

Format: Chicago

Republic of Moldova: First Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements and Request for Modification of Performance Criteria-Press Release; and Staff Report, (USA: International Monetary Fund, 2017) accessed December 22, 2024

Summary

This paper discusses Moldova’s First Reviews under the Extended Credit Facility and Extended Fund Facility Arrangements and Request for Modification of Performance Criteria. The program is broadly on track, enjoys strong country ownership, and is supported by policymakers’ firm commitment to sound economic management. The authorities continue to make significant progress in tackling long-standing vulnerabilities in the financial sector and advancing structural reforms. These efforts have helped strengthen financial stability, and growth has resumed. The economy is projected to grow 4.5 percent in 2017, higher than previously expected. Continued steadfast program implementation is vital.

Subject: Banking, Budget planning and preparation, Credit, Expenditure, Fiscal risks, International reserves, Monetary base, Money, Public financial management (PFM), Revenue administration

Keywords: Bank governance, Budget planning and preparation, Capital expenditure, CR, Credit, EFF arrangement, Enforcement regime, Europe, Fiscal risks, General government budget, Inflation targeting framework, ISCR, Monetary policy, Republic of Moldova's quota, SDR, The ECF

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/102
Stock No:

1MDAEA2017001
ISBN:

9781475597042
ISSN:

1934-7685

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