IMF Is Pleased with Results Achieved in Economy in Moldova
OREANDA-NEWS. June 26, 2013. Nikolay Gueorguiev said to journalists that the biggest GDP growth was registered in Moldova as compared with the others countries from the region as well as the inflation was kept in minimal target and the dynamics of real salaries’ growth was rather positive in public and private sectors.
Max Alier will be new head of the IMF mission in Moldova; previously, he worked at the same position in Ukraine for 4 years. Starting from the next week, the IMF mission will be negotiating with the government of Moldova about new economic policy and ways for the IMF to support it. Max Alier answered to journalists on their question about new cooperation program of Moldova with the IMF. They asked whether it would be signed till the end of 2013 or not. Max Alier answered that is was possible, but everything would depend on the economic policy that the government to choose.
The last 3 years were spent on providing the economy of Moldova with stability, the next to do is to provide the economy of Moldova with structural reforms to increase it in middle-term and long-term perspective. For instance, the main providers of economic growth in Moldova were working migrants, but this fact influenced the social factor rather negatively. That is why it is very important to find another way to increase the economy and get dividends, for example, attracting the investments in scopes of export, improving the investment climate, promoting Moldova abroad, and improving the competence.
There are many opportunities in Moldova and they just have to be used in right way. Nikolay Gueorguiev specified that it was important that the Ministry of Finance made the budget and tax plan for the next year before July, 1 to get the business environment ready for possible alternations in the system. Nikolay Gueorguiev thinks that the economic and politic lives are very dynamic in Moldova and that the work is not always done according to the schedule, but sometimes it is better done this way to have all things prepared properly, than doing everything in time, but rather shaky.
As to the future negotiations agreement of Moldova with the IMF, the representatives of the IMF said that the plan would follow several patterns of the past plan, which provided Moldova with the highest GDP growth: 7.1% up in 2010, 6.8% up in 2011, but 0.8% down in 2012 because of drought. In 2013 the IMF forecasts the GDP growth at the level of 4% in Moldova, in particular, 3.5% in QI, 2013.
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