News Feeds
26 Apr 2023
IMF Executive Board Concludes Third Review Under the Extended Credit Facility and Extended Fund Facility Arrangements for the Republic of Moldova
Moldova’s economy contracted sharply in 2022, reflecting spillovers from the war; a modest recovery is expected in 2023. Inflation remains high but continues to decline rapidly. Fiscal policies are focusing on mitigating the impacts of the overlapping crises and supporting economic recovery. Risks to the energy sector have abated for now, reflecting authorities’ prudent use of contingency plans. Nevertheless, the outlook remains subject to extreme uncertainty, primarily due to risks of further escalation of the war. Moldova’s program implementation remains strong despite this challenging environment, notably with recent completion of important reforms, which can help promote the integrity, capacity, and independence of key anti-corruption institutions and enhance enforcement of the anti-corruption legal framework.
