01895cas a2200241 a 4500 AALejournalIMF017213 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475552096 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Republic of Moldova : Request for an Extended Arrangement Under the Extended Fund Facility and an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Moldova. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (93 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 Since late 2014, Moldova's economy has been hit by a number of domestic and external shocks. Chief among them is the exposure of extensive and well-orchestrated fraud in the banking system, resulting in the closure of three banks at a public cost of 10 percent of GDP. During the following period, confidence collapsed, external concessional financing largely froze, and international reserves fell by one-third, prompting significant tightening of monetary conditions. Domestic political turmoil, marked by three changes in government, constrained solutions and delayed collaboration with the international community on possible financial support. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/343 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/343/002.2016.issue-343-en.xml IMF e-Library