Moldova Recent Economic Developments
This paper describes economic developments in the Republic of Moldova during 1992–96. The authorities embarked on a comprehensive program of financial stabilization beginning in 1993. By 1995, the fiscal deficit had been cut to 5½ percent of GDP and the National Bank had implemented a tight monetary...
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Format: | eBook |
Language: | English |
Published: |
Washington, D.C.
International Monetary Fund
1996
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Series: | IMF Staff Country Reports
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Subjects: | |
Online Access: | |
Collection: | International Monetary Fund - Collection details see MPG.ReNa |
Summary: | This paper describes economic developments in the Republic of Moldova during 1992–96. The authorities embarked on a comprehensive program of financial stabilization beginning in 1993. By 1995, the fiscal deficit had been cut to 5½ percent of GDP and the National Bank had implemented a tight monetary policy. Output stabilized and exports and imports rose rapidly, with the current account deficit narrowing to 6½ percent of GDP from 13½ percent in 1993. Data for the first half of 1996 show inflation remaining low and output recovering |
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Physical Description: | 79 pages |
ISBN: | 9781451824919 |