Republic of Moldova: Second Post-Program Monitoring Discussions

December 17, 2014

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Republic of Moldova: Second Post-Program Monitoring Discussions, (USA: International Monetary Fund, 2014) accessed December 26, 2024

Summary

This paper presents Second Post-Program Monitoring Discussions focusing on Moldova. Governance in the banking system remains poor and the condition of some large banks is fragile. The budget faces a tight financing situation, and—without corrective measures—the deficit is projected to widen significantly in 2015. Russia’s new restrictions on imports from Moldova are exacerbating the ongoing slowdown in activity, easing inflationary pressures, and weakening export performance. Discussions mainly focused on policies to address the significant risks in the banking sector, return to a path of fiscal consolidation, and boost potential growth and preserve external stability.

Subject: Banking, Budget planning and preparation, Central banks, Commercial banks, Expenditure, External debt, Fiscal policy, International reserves, Public debt

Keywords: Banca de Economii, Bank, BEM group, CR, Europe, International reserves, Intervened bank, ISCR, Liberal Democrat party, Nominal exchange rate, Staff appraisal

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/346
Stock No:

1MDAEA2014002
ISBN:

9781498374668
ISSN:

1934-7685

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