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Statement at the Conclusion of an IMF Mission to the Republic of Moldova

Press Release
January 30, 2014

 

A staff team of the International Monetary Fund (IMF) led by Max Alier visited Chisin-u during January 15-29 to hold discussions with the authorities regarding policies that could form a basis for a Fund supported program. The mission found that the Moldovan economy has recovered strongly from the 2012 severe drought. In 2013, economic activity is projected to have increased by 7 percent, inflation remained close to 5 percent, the general government deficit narrowed to 1.8 percent of GDP, and external accounts continued to improve.

At the conclusion of the visit, Mr. Alier made the following statement:

"The mission made progress in understanding the economic and financial policy priorities of the government. It discussed the policies that could form a basis for a Fund supported program, including policies to safeguard fiscal sustainability, maintain prudent monetary policy stance, and strengthen the financial sector. Discussions will continue in the coming weeks."