Moldova : Recent Economic Developments

This paper reviews economic developments in the Republic of Moldova during 1993–97. In 1993, the authorities adopted a comprehensive program of financial stabilization supported by a stand-by arrangement with the IMF. By 1995, the fiscal deficit had been cut to 5¾ percent of GDP and annual inflation had fallen to 24 percent. Exports and imports recovered rapidly, with the current account deficit narrowing to 8½ percent of GDP. In 1996, the authorities adopted a three-year program supported by resources under the extended IMF facility to accelerate and deepen the structural reforms.
Publication date: August 1998
ISBN: 9781451824926
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Banks and Banking , Banks and Banking , Taxation - General , Taxation - General , banking , banking system , national bank , current account deficit , tax liabilities , Moldova , Republic of

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