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Moldova - Public Economic Management Review

Unfavorable initial conditions, and extreme vulnerability to external shocks, as experienced by Moldova's economic transition, culminated in the 1998 regional financial crisis, which fostered the need for radical fiscal retrenchment, namely, reductions in social sectors expenditures. Currently, and despite a seemingly reasonable, attainable growth, the challenge for the Government is to improve basic outcomes in social sectors, and address inequities in access to basic social services.