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

1MDAEA2005001 Image
Price:  $15.00

Release Date: © February, 2005
ISBN : 978-1-45182-502-2
Stock #: 1MDAEA2005001
English
Stock Status: On back-order

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Description

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.

Taxonomy

Economic policy , Exchange rate policy , Fiscal policy , Foreign exchange , IMF governance and operations , Monetary policy , Operations , Technical assistance




More publications in this series: IMF Staff Country Reports