European Parliament Library

Republic of Moldova :, Staff Report for the 2012 Article IV Consultation, Fifth Reviews Under the Extended Arrangement and Under the Three-Year Arrangement Under the Extended Credit Facility, and Requests for Waivers for Non-Observance and Modification of Performance Criteria

Abstract
After the 2009 crisis, policies have improved markedly, backed by substantial foreign assistance. Notably, fiscal adjustment has reduced the large budget imbalance, monetary policy has tamed inflation, and structural reforms have spurred strong export expansion. These reforms led to impressive growth in 2010–11, but activity decelerated in 2012, reflecting the slowdown in the EU. The economy is highly exposed to further intensification of the euro area crisis via its dependence on remittances, exports, and capital inflows
Table Of Contents
Cover; CONTENTS; RECENT DEVELOPMENTS; BOXES; 1. Implementation of Past Fund Policy Recommendations; PERFORMANCE UNDER THE PROGRAM; OUTLOOK AND RISKS; 2. Spillovers from Adverse External Shocks and Policy Response; POLICY DISCUSSIONS; A. Reaching and Sustaining Fiscal Sustainability; 3. The Road to Fiscal Sustainability in Moldova; B. Stabilizing Inflation and Developing the Inflation Targeting Framework; C. Preserving Financial Stability; D. Strengthening Buffers Against External Risks; 4. Competitiveness, Exchange Rate Assessment, and Reserve Adequacy
Language
eng
Literary Form
non fiction
Note
"October 2012."
Physical Description
1 online resource (76 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475596854

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