The new administration in Chisinau will take a tougher line on negotiating a new package with the IMF when its current arrangement expires in March. PM Ion Chicu says he is willing to forgo external support if conditions are “unacceptable”.
Most economies are failing to provide the conditions in which their citizens can thrive, said the World Economic Forum on releasing its new social mobility index.
Rise was driven by electronics and automotive sectors where foreign investors have developed production facilities, while light industry keeps losing ground due to the lack of workforce.
Moldova’s exports contracted by 1% y/y to $266.6mn in November as the recovery in exports to the CIS was not strong enough to offset the drop in exports to the EU.
Having defeated his rivals in a series of power struggles in 2019, Moldova's President Igor Dodon enters the new decade firmly in control.