| Description |
1 online resource (38 pages) : color illustrations |
| Series |
IMF Country Reports ; no. 14/346 |
|
IMF country report ; no. 14/346.
|
| Contents |
Cover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS AND OUTLOOK; POLICY DISCUSSIONS; A. Financial Sector Policy; BOXES; 1. Key Recommendations of the FSAP; 2. Improving the Transparency of Banks' Beneficial Owners to Support Banking Sector Soundness; B. Fiscal Policy; C. Monetary and Exchange Rate Policy; D. Structural Policies; CAPACITY TO REPAY THE FUND; STAFF APPRAISAL; 3. Risk Assessment Matrix; FIGURE; 1. Selected Economic Indicators Under the Baseline and Active Scenario, 2012-19; TABLES; 1. Selected Economic Indicators, 2009-19; 2. Balance of Payments, 2010-19 |
|
3A. General Government Budget, 2009-193B. General Government Budget, 2009-19; 4. Accounts of the National Bank of Moldova and Monetary Survey, 2009-14; 5. Financial Soundness Indicators, 2009-14; 6. Indicators of Fund Credit, 2009-20; ANNEXES; I. Trade Restrictions; II. Public Sector Wages; III. Strengthening the Fiscal Framework |
| Summary |
KEY ISSUES Governance in the banking system remains poor and the condition of some large banks is fragile. The budget faces a tight financing situation, and--without corrective measures--the deficit is projected to widen significantly in 2015. Russia's new restrictions on imports from Moldova are exacerbating the ongoing slowdown in activity, easing inflationary pressures, and weakening export performance. Discussions mainly focused on policies to address the significant risks in the banking sector, return to a path of fiscal consolidation, and boost potential growth and preserve external stability. Financial sector. The recommendations of the recent FSAP should be implemented, in particular regarding the enforcement of regulatory requirements. A plan to deal with weak banks needs to be developed. Fiscal policy. Returning to a path of fiscal consolidation, with a view to lower reliance on exceptionally high donor support over the medium term is important. This objective can be achieved by containing the budget deficit below 3 percent of GDP in 2015, gradually reducing it 11/2 percent by 2018. Monetary policy. The supportive monetary policy stance should be maintained but the NBM should stand firm against pressures to facilitate its financing of the budget. Exchange rate movements driven by fundamentals should not be resisted. Structural reforms. Structural reforms are needed to boost potential output growth and reduce vulnerabilities. Strengthening external stability requires efforts to diversify export products and markets, and sources of financing |
| Notes |
"December 2014." |
|
"November 18, 2014"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from pdf title page (IMF Web site, viewed December 22, 2014) |
| Subject |
International Monetary Fund -- Moldova
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Bank management -- Moldova
|
|
Banks and banking -- State supervision -- Moldova
|
|
Economic development -- Moldova
|
|
Economic indicators -- Moldova
|
|
Fiscal policy -- Moldova
|
|
Monetary policy -- Moldova
|
|
Structural adjustment (Economic policy) -- Moldova
|
|
Bank management
|
|
Banks and banking -- State supervision
|
|
Economic development
|
|
Economic history
|
|
Economic indicators
|
|
Economic policy
|
|
Fiscal policy
|
|
Monetary policy
|
|
Structural adjustment (Economic policy)
|
|
Budget.
|
|
Deficit.
|
|
Monetary Fund.
|
|
Reserves.
|
| SUBJECT |
Moldova -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh94001113
|
|
Moldova -- Economic policy.
http://id.loc.gov/authorities/subjects/sh94001115
|
| Subject |
Moldova
|
|
Moldova.
|
| Form |
Electronic book
|
| Author |
International Monetary Fund, issuing body.
|
| ISBN |
1498374662 |
|
9781498374668 |
|
