Moldova prime minister sees economy stagnating in 2022

March 16, 202248 views0

CHISINAU (Reuters) – The Moldovan government expects economic growth to slump to around 0.3% in 2022 from nearly 14% a year earlier because of the war in neighbouring Ukraine, Prime Minister Natalia Gavrilita said on Wednesday.

It has already appealed to the International Monetary Fund for help with the extra financial burden of supporting the over 100,000 refugees who have sought safety across the border so far. A further 200,000 refugees from Ukraine have crossed through Moldova.

Speaking at a briefing after a Cabinet meeting, Gavrilita said the government expects economic “stagnation, strongly influenced by developments in neighbouring Ukraine, where war is ongoing.”

She said details of Moldova’s revised IMF programme would be agreed soon, adding that the government has also asked the World Bank and European Union to boost funding in response to the crisis.

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.