Republic of Moldova:Second Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, and Request for Waiver of Applicability for Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Re

Second Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, and Request for Waiver of Applicability for Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Moldova

Author: International Monetary Fund. European Dept.

Republic of Moldova: Second Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, and Request for Waiver of Applicability for Performance Criteria-Press Release; Staff Report

Volume/Issue: Volume 2023 Issue 006

Publication date: January 2023

ISBN: 9798400229633

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Topics covered in this book

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Exports and Imports , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , International - Economics , inflation consultation clause , program implementation , Policy discussion , anchor inflation expectation , General government budget , policy effectiveness , Energy prices , Credit , Inflation , Europe , Global , Eastern Europe

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Summary

Spillovers from the Russia’s invasion of Ukraine continued to weigh heavily on Moldova. Energy supplies have been disrupted, with significant impact on Moldova, given its dependance on Russia for gas, and on the breakaway region of Transnistria for electricity. The hardship from high energy and food prices and frequent anti-government protests are weighing on Moldova’s fragile social and political fabric.