IMF Staff Country Reports Volume 2024 Issue 355: 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 Release; Staff Report; and Statement by the Alternative Executive Director for the Republic of Moldova (2024)

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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 Release; Staff Report; and Statement by the Alternative Executive Director for the Republic of Moldova

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International Monetary Fund. European Dept.

International Monetary Fund. European Dept.
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Series:: IMF Staff Country Reports

Volume/Issue:: Volume 2024: Issue 355

Language:: English

Publication Date:: 19 Dec 2024

DOI:: https://doi.org/10.5089/9798400297151.002

ISBN:: 9798400297151

ISSN:: 1934-7685

Pages:: 133

Keywords:: 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

Series:: IMF Staff Country Reports

Volume/Issue:: Volume 2024: Issue 355

Language:: English

Publication Date:: 19 Dec 2024

DOI:: https://doi.org/10.5089/9798400297151.002

ISBN:: 9798400297151

ISSN:: 1934-7685

Pages:: 133

Keywords:: 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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This paper presents IMF’s Sixth Review under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) Arrangements, Request for Modifications of Performance Criteria, and Second Review under the Resilience and Sustainability Facility (RSF) Arrangement for Moldova. The recovery from adverse spillovers from Russia’s war in Ukraine and energy price shocks is taking hold. Growth picked up in 2024 and is expected to strengthen further in 2025, driven by robust domestic demand. Downside risks remain high, mainly related to Russia’s war in Ukraine and renewed energy shocks. While quantitative performance of the program has been strong, implementation of structural reforms has been uneven. Further reforms to enhance fiscal performance and the allocation of public resources, strengthen energy security, strengthen governance and the rule of law, and advance climate adaptation and mitigation are key to protect Moldova against shocks and improve its growth prospects.

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IMF Staff Country Reports

ISSN:: 1934-7685

Publisher:: International Monetary Fund

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