In order to resume talks with the international community regarding new cooperation programs, Moldova needs to expedite structural and market-oriented reforms
Published:
8 February 2004 y., Sunday
In order to resume talks with the international community regarding new cooperation programs, Moldova needs to expedite structural and market-oriented reforms, according to a report on the economic situation in Moldova delivered by IMF experts after visiting the country in late 2003. The experts believe that, to date, Moldovan structural reforms have been slack, as last year there were no improvement of the business climate. Among indicators that triggered the IMF's greatest concerns were inflation growth, a rise in the deficit of the balance of trade, problems with servicing foreign debts as well as cuts in direct foreign investments.
The program on cooperation between the IMF and Moldova was terminated in December 2003. The IMF's decision to terminate the program ahead of schedule was made in late July 2003. According to IMF experts, the termination of the program was due to the fact that the Moldovan government failed to meet all requirements that were agreed upon with the IMF earlier.
Šaltinis:
RBC
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Parliament's proposal for its own operational budget for 2011 includes the financing of measures in preparation for enlargement with Croatia.
more »
Links between business and the academic world need to be strengthened but higher education institutions must retain their autonomy and public support, says a resolution adopted on Thursday by the European Parliament.
more »
The Spanish Minister of Economy and Finance, Elena Salgado, will present the additional fiscal tightening measures set out by the Spanish Government to her eurozone (Eurogroup) counterparts on Monday; the measures were required by Spain’s European partners as a condition of approving the plan to bolster the euro on 9 May.
more »
The European Commission has opened an in-depth investigation under EU State aid rules into capital injections destined to two subsidiaries of state owned company Elan Skupina in Slovenia.
more »
GDP growth in the EU expected to gradually pick up, though recovery less robust than past upturns.
more »
The EESC tabled its opinion on the regulation of alternative investment funds, such as hedge funds and private funds. Although endorsing the much debated proposal of the European Commission, the EESC calls for uniform risk data provision for all such funds and emphasizes their responsibility in triggering the crisis.
more »
Concluding the process and deciding on the schedule for releasing the funds agreed on for Greece, as well as examining and learning lessons from the crisis for the governance of the eurozone, will be the focus of the discussions of the heads of state and government at the meeting in Brussels this Friday.
more »
The EU pavilion at the world expo in Shanghai marks the first time the EU has presented itself to a large Chinese audience.
more »
Shanghai's World Expo offers visitors plenty of fun offering bizarre things to do at over 200 pavillions competing for attention.
more »
The European Investment Bank (EIB) is providing a loan of EUR 150 million to MVM Zrt. for the capacity increase and the extension of a high-voltage transmission network, partly constituting priority axes of the Trans-European Energy Network (TEN-E) in Hungary.
more »