Republic of Moldova Request for a Three-Year Arrangement Under the Extended Credit Facility and Request for an Extended Arrangement

This paper discusses Moldova's request for a Three-Year Arrangement under the Extended Credit Facility and request for an Extended Arrangement. The economy remained overregulated and hampered by relative price distortions. High barriers to entry and low competition in telecommunications, trade,...

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Corporate Author: International Monetary Fund
Format: eBook
Language:Chinese
Published: Washington, D.C. International Monetary Fund 2010, 2010
Series:IMF Staff Country Reports, Country Report
Subjects:
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Collection: International Monetary Fund - Collection details see MPG.ReNa
Summary:This paper discusses Moldova's request for a Three-Year Arrangement under the Extended Credit Facility and request for an Extended Arrangement. The economy remained overregulated and hampered by relative price distortions. High barriers to entry and low competition in telecommunications, trade, and food processing have kept domestic prices significantly above international prices of many consumer products. In contrast, utility tariffs generally remained well below cost-recovery levels, leading to substantial arrears and underinvestment. The crisis and pre-election spending hikes resulted in a large increase in the fiscal deficit
Physical Description:91 p.
ISBN:9781451825190
1451825196