Home Credit report First Reviews Under the Extended Credit Facility and Requests for Modification of Performance Criteria and Inflation Consultation Clause – Press Release; staff report; and Statement by the Executive Director for the Republic of Moldova

First Reviews Under the Extended Credit Facility and Requests for Modification of Performance Criteria and Inflation Consultation Clause – Press Release; staff report; and Statement by the Executive Director for the Republic of Moldova

0

Republic of Moldova: First Reviews Under the Extended Credit Facility and Requests for Modification of Performance Criteria and Inflation Consultation Clause – Press Release; staff report; and Statement by the Executive Director for the Republic of Moldova



Publication date:

September 29, 2022

Electronic access:

Free download. Use the free Adobe Acrobat Reader software to view this PDF file




Summary:

Moldova’s economy is expected to stagnate in 2022 due to fallout from the Russian invasion of Ukraine. The war in Ukraine continues to weigh heavily on Moldova, although some initial pressures have eased. Net withdrawals from bank deposits have ended and are now regularly replenished. The leu has depreciated by around 8% so far, while pressures on foreign exchange reserves have eased. Around 550,000 refugees fleeing the war (representing more than 20 percent of the Moldovan population) transited through Moldova, with around a fifth remaining in the country. Driven by rising food and energy prices, inflation accelerated further above the target range.


Series:

Country Report No. 2022/320


Matter:





Frequency:

usual


English

Publication date:

September 28, 2022

ISBN/ISSN:

9798400220135/1934-7685

Stock number:

1MDAEA2022006

Pages:

80