An IMF mission will return to Moldova later this month to review recent economic developments and discuss the authorities' policy priorities, with talks expected to cover the next steps on macroeconomic and financial stability. The visit comes after earlier discussions on a new medium-term program and against a backdrop of shifting growth, inflation and external balance forecasts.
Moldova's domestic public debt reached a new all-time high in September, continuing the upward trend observed since the beginning of the year. This article examines which debt instruments contributed to the increase, how the structure of liabilities has changed, and what is happening with the yields on government securities.
Moldova's national debt increased significantly in the first half of the year, while the structure of public debt continued to show mixed trends: some segments grew, while others shrank. The Ministry of Finance also disclosed changes in domestic and external debt, as well as in government guarantees and refinanced funds—the details show how the debt burden has changed across different parts of the sector.
Moldova has resumed payments of indexed amounts to Banca de Economii depositors who did not receive the funds owed to them in previous years
Moldova's external debt increased significantly in the first half of the year, with growth occurring in both the public and private sectors. In its published balance of payments report, the National Bank also disclosed the structure of liabilities, the debt-to-GDP ratio, and key creditors, which allows for an assessment of the sources contributing to the burden on the economy.
Moldova's state budget deficit for January–August 2026 totaled 8.721 billion lei, which is 1.2428 billion lei (16.6%) higher than the figure for the same period in 2025.
Moldova's external public debt increased by $368.98 million (+7.7%) in January–August 2026, reaching $5 billion 179.59 million as of August 31
Moldova's domestic public debt rose by 432.52 million lei (+0.7%) in August, reaching a new record high of 58 billion 202.47 million lei at the end of August
Moldova is counting on IMF assistance to implement reforms, reduce the budget deficit, and manage state assets and public debt more effectively
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