Republic of Moldova: Staff Report for 2023 Article IV Consultation, Fourth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, Request for Extension and Rephasing of the Arrangements, and Request for an Arrangement Unde

Staff Report for 2023 Article IV Consultation, Fourth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, Request for Extension and Rephasing of the Arrangements, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Republic of Moldova

Author: International Monetary Fund. European Dept.

Republic of Moldova: Staff Report for 2023 Article IV Consultation, Fourth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, Request for Extension and Rephasing of the Arrangements, and Request for an Arrangement Under the Resilience

Volume/Issue: Volume 2023 Issue 428

Publication date: December 2023

ISBN: 9798400263811

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Topics covered in this book

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Exports and Imports , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , Environmental Economics , Environmental Conservation and Protection , EFF program , RSF arrangement , EFF arrangement , reform agenda , agriculture sector , Climate change , Climate finance , Global , Europe , Central and Eastern Europe , Central Asia

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Summary

The ECF/EFF-supported program has helped Moldova navigate headwinds, including from spillovers from Russia’s war in Ukraine—energy crisis and record-high inflation—and a drought, while catalyzing additional external financing. Moldova was granted EU candidate status in June 2022. Strong reform momentum and growthenhancing and climate-resilient investments are needed to foster long-term, sustainable development and convergence toward EU income levels.