How external assistance can be leveraged in the context of the 2022 crises (External Assistance Monitor No 3)
How external assistance can be leveraged in the context of the 2022 crises (External Assistance Monitor No 3)
Author(s): Alexandru Fală, Dorina Baltag, Ecaterina Rusu, Marina Soloviova, Stas Madan, Victoria Olari
Subject(s): Supranational / Global Economy, Economic policy, Geopolitics
Published by: EXPERT-GRUP Centrul Analitic Independent
Summary/Abstract: Since May 2022, the volume of external assistance received by Moldova’s public sector increased significantly compared to the first quarter of the year. According to the statistics published by the NBM, the public sector (Government, NBM, local public authorities, public corporations) received external loan disbursements of USD 25 million in the first quarter of 2022, while making repayments (USD 39 million) that exceeded the amount of new loans obtained. The state also received grants and external technical assistance worth USD 30 million in the first quarter of 2022. According to Expert-Grup estimates based on the reports released by the NBM, the Ministry of Finance and the EU Delegation to the Republic of Moldova, between April and mid-August 2022, the public sector received disbursements of external loans and grants in the total amount of about USD 327 million1. Thus, by mid-August 2022, the external public debt is estimated to have reached USD 2,855 million, which is about 20-21% of GDP, far from the critical limit of 55%.
Series: MISCELLANEA - Expert Group, Chişinau
- Page Count: 24
- Publication Year: 2022
- Language: English
- Content File-PDF
