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Moldova prime minister sees economy stagnating in 2022

Economy Mar 16, 2022 18:32
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© Reuters. FILE PHOTO: Moldovan Prime Minister Natalia Gavrilita looks on during an interview with Reuters in Brussels, Belgium, October 28, 2021. REUTERS/Johanna Geron

CHISINAU (Reuters) - The Moldovan government expects economic growth to slump to around 0.3% in 2022 from nearly 14% a year earlier because of the war in neighbouring Ukraine, Prime Minister Natalia Gavrilita said on Wednesday.

It has already appealed to the International Monetary Fund for help with the extra financial burden of supporting the over 100,000 refugees who have sought safety across the border so far. A further 200,000 refugees from Ukraine have crossed through Moldova.

Speaking at a briefing after a Cabinet meeting, Gavrilita said the government expects economic "stagnation, strongly influenced by developments in neighbouring Ukraine, where war is ongoing."

She said details of Moldova's revised IMF programme would be agreed soon, adding that the government has also asked the World Bank and European Union to boost funding in response to the crisis.

Moldova prime minister sees economy stagnating in 2022
 

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