Republic of Moldova: Sixth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, Request for modifications of performance criteria, and Second review Under the Resilience and Sustainability Facility Arrangement-Press Rele

Sixth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, Request for modifications of performance criteria, and Second review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Alternative Executive Director for the Republic of Moldova

Author: International Monetary Fund. European Dept.

Republic Moldova: Sixth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, Request for modifications of performance criteria, and Second review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report

Volume/Issue: Volume 2024 Issue 355

Publication date: December 2024

ISBN: 9798400297151

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Topics covered in this book

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Exports and Imports , Money and Monetary Policy , Public Finance , Environmental Economics , Gradual consolidation , Consultation band , Energy security , Climate policy , Credit , EU integration , EU reform agenda , Natural disasters , Policy commitment , CB governance , Anti-corruption , Letter of intent , , B , government policy , weather events risk , energy transition , RSF reform , authorities' reform , reform measure , Fiscal risks , Budget planning and preparation , Climate change , Global

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Summary

This paper presents the Republic of Moldova’s Sixth Reviews under the Extended Credit Facility and Extended Fund Facility Arrangements, Request for Modification of Performance Criteria, and Second Review under the Resilience and Sustainability Facility Arrangement. Recovery from the multiple shocks is taking hold, and inflation has remained within the National Bank of Moldova’s target band since October 2023. However, downside risks remain large, mainly related to the geopolitical situation and renewed energy shocks. Prudent policies and maintaining buffers and robust contingency plans, including in the energy sector are needed to address looming risks. Fostering growth-friendly investment and reforms, supported by the EU accession process will help advance toward Moldova’s development objectives.