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Moldova: Recent Economic Developments

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 1996. "Moldova: Recent Economic Developments," IMF Staff Country Reports 1996/117, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1996/117
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