02079cas a2200241 a 4500 AALejournalIMF011692 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463941017 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Moldova : Fourth Reviews Under the Extended Arrangement and Under the Three-Year Arrangement Under the Extended Credit Facility, and Requests for Waiver for Nonobservance of a Performance Criterion and for Modification of a Performance Criterion: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Moldova. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (55 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Moldova's near-term outlook is aimed at slowing growth and receding inflation, but the deteriorating external environment and the fragile political situation poses significant downside risks. The main drivers of growth are private consumption, investment, and exports, fuelled by remittances and rising credit, which is reflected in the improving business climate. Weak tax collection and expenditure overruns resulted in missing the performance criterion on the general government budget deficit by 0.4 percent of GDP. The indicative target on reducing general government expenditure arrears was missed marginally owing to underpayment of heating bills by the Chisinau municipality. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2012/038 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/038/002.2012.issue-038-en.xml IMF e-Library