TY - BOOK ID - 133620496 TI - Republic of Moldova : Second Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, and Request for Waiver of Applicability for Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Moldova. PY - 2023 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Money and Monetary Policy KW - International Economics KW - Exports and Imports KW - Public Finance KW - Macroeconomics KW - Inflation KW - Monetary Policy KW - International Agreements and Observance KW - International Organizations KW - International Lending and Debt Problems KW - Debt KW - Debt Management KW - Sovereign Debt KW - Energy: Demand and Supply KW - Prices KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Price Level KW - Deflation KW - Monetary economics KW - International institutions KW - International economics KW - Public finance & taxation KW - Finance KW - Monetary policy KW - International organization KW - Public debt KW - External debt KW - Energy prices KW - Credit KW - Money KW - International agencies KW - Debts, External KW - Debts, Public KW - Loans KW - Moldova, Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:133620496 AB - This paper discusses Republic of Moldova’s Second Reviews under the Extended Credit Facility and Extended Fund Facility Arrangements, and Request for Waiver of Applicability for Performance Criteria. Spillovers from Russia’s invasion of Ukraine continue to weigh heavily on Moldova, with disruptions of energy supply putting additional pressure on the Moldovan economy. The IMF-supported program has helped catalyze significant external financing to help Moldova bridge immediate financing needs. As risks remain high and the outlook is subject to extreme uncertainty, maintaining a strong policy momentum will be critical to secure additional grant and concessional financing from donors, needed to withstand the shocks, reduce reliance on expensive short-term domestic financing, and preserve fiscal sustainability. The authorities’ near-term policy priorities are appropriately focused on safeguarding energy security, protecting the most vulnerable from the cost-of-living crisis, and preserving macrofinancial stability. Going forward, maintaining an appropriate policy mix will be critical to withstand downside risks, should they materialize, while pursuing longer term developmental objectives. ER -