IMF experts team says speeding up of reforms to enhance Moldova's economic growth potential

The acceleration of structural reforms will enhance the economic growth potential of Moldova, boost productivity and lead to an improvement in living standards. The experts’ team of the International Monetary Fund (IMF) today unveiled these estimated at the conclusion of consultations with Moldova’s authorities.

The experts’ team emphasized that, after more years of sluggish economic activity, influenced by the effects of war and energy shocks, there was a gradual recovery in Moldova's economic growth.

At the same time, the process of EU accession and the Growth Plan provides a unique opportunity to boost productivity, accelerate long-term economic growth, and improve living standards. To capitalize on this opportunity, decisive reforms are needed, in order to eliminate structural deficiencies, according to the IMF.

‘’Moldova has been severely shaken by multiple shocks in recent years. It is now in a process of gradual recovery, and we foresee growth of 2.7 per cent this year and 2.3 per cent next year. Strong consumption and expansionary fiscal policy have generated economic growth,’’ said Alina Iancu, head of the IMF Mission, during a press conference at the conclusion of the IMF consultation mission in Moldova.

IMF experts forecast a growth of 3.7 per cent by 2028, supported by increased public and private investment volumes and structural reforms within the EU Growth Plan, aimed at increasing productivity. At the same time, a return of the inflation rate to the target range of 5 ± 1.5 per cent, set by the National Bank of Moldova, is expected by the end of the current year.

At the same time, experts estimate that the outlook remains extremely uncertain.

 

‘’There are numerous risks, mainly related to the potential increase in the negative effects of the war in Ukraine and other geopolitical developments, as well as possible delays in the implementation of reforms,’’ forecasts the IMF.

Under these conditions, experts warn that more extensive fiscal and budgetary reforms are needed, in order to strengthen public finance management and improve spending efficiency.

’’Fiscal reforms must be accompanied by more efficient revenues’ administration. Additionally, prudent financial and monetary policies are necessary, in order to maintain macroeconomic stability. We do not consider that there is currently room for additional monetary relaxation,’’ Alina Iancu said.

An IMF experts’ team, led by Alina Iancu, stayed in Moldova on December 4-17, 2025, during which time they conducted consultations with Moldovan authorities.

Based on the preliminary conclusions of the mission, the experts’ team will prepare a report which, on condition of approval by the IMF management, will be submitted to the IMF Executive Board for discussion and approval.