05043oam 22013574 450 991015174580332120230808200317.01-4755-5212-21-4755-5214-9(CKB)3710000000952148(MiAaPQ)EBC4745276(IMF)1MDAEA2016007(EXLCZ)99371000000095214820020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierRepublic of Moldova : Request for an Extended Arrangement Under the Extended Fund Facility and an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of MoldovaWashington, D.C. :International Monetary Fund,2016.1 online resource (94 pages) illustrationsIMF Staff Country Reports1-4755-5209-2 Since late 2014, Moldova’s economy has been hit by a number of domestic and external shocks. Chief among them is the exposure of extensive and well-orchestrated fraud in the banking system, resulting in the closure of three banks at a public cost of 10 percent of GDP. During the following period, confidence collapsed, external concessional financing largely froze, and international reserves fell by one-third, prompting significant tightening of monetary conditions. Domestic political turmoil, marked by three changes in government, constrained solutions and delayed collaboration with the international community on possible financial support.IMF Staff Country Reports; Country Report ;No. 2016/343Economic developmentMoldovaBanks and BankingimfBudgetingimfMoney and Monetary PolicyimfPublic FinanceimfTaxationimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfMonetary PolicyimfPublic AdministrationimfPublic Sector Accounting and AuditsimfNational BudgetimfBudget SystemsimfFiscal PolicyimfNational Government Expenditures and Related Policies: GeneralimfTrade PolicyimfInternational Trade OrganizationsimfBankingimfPublic finance & taxationimfBudgeting & financial managementimfMacroeconomicsimfMonetary economicsimfEconomic & financial crises & disastersimfInternational reservesimfCommercial banksimfFiscal risksimfBudget planning and preparationimfExpenditureimfPublic financial management (PFM)imfCentral banksimfTariffsimfTaxesimfBanks and bankingimfFiscal policyimfForeign exchange reservesimfBudgetimfCreditimfExpenditures, PublicimfTariffimfMoldovaEconomic policyMoldova, Republic ofimfEconomic developmentBanks and BankingBudgetingMoney and Monetary PolicyPublic FinanceTaxationBanksDepository InstitutionsMicro Finance InstitutionsMortgagesMonetary PolicyPublic AdministrationPublic Sector Accounting and AuditsNational BudgetBudget SystemsFiscal PolicyNational Government Expenditures and Related Policies: GeneralTrade PolicyInternational Trade OrganizationsBankingPublic finance & taxationBudgeting & financial managementMacroeconomicsMonetary economicsEconomic & financial crises & disastersInternational reservesCommercial banksFiscal risksBudget planning and preparationExpenditurePublic financial management (PFM)Central banksTariffsTaxesBanks and bankingFiscal policyForeign exchange reservesBudgetCreditExpenditures, PublicTariff330.94765DcWaIMFBOOK9910151745803321Republic of Moldova3407812UNINA