Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. European Department, issuing body.
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| ISBN: | 1475590342
9781475590340
9781475502343
1475502346
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| Notes: | At head of title: European Department.
Title from PDF title page (IMF Web site, viewed March 21, 2012).
"March 2012."
Includes bibliographical references.
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| Summary: | External shocks pose major challenges to fiscal policy makers through lower output and large fiscal imbalances. This paper analyzes the case of Moldova, which faced parallel crises a decade apart: the Russian crisis of 1998 and the global financial crisis of 2008-2009. The country went through large fiscal adjustments during these crises and launched important fiscal reforms. The paper reviews the crises and reform experience. In particular, it aims to explain the motivation for reforms, describe reform design and implementation, and provide an understanding of their outcomes. The paper also catalogues the form and size of international assistance for Moldova.
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| Standard no.: | 10.5089/9781475590340.001
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