The European Social Democratic Party (PSDE) states that the economy of the Republic of Moldova needs sustainable economic policies, not simulated reforms, TRIBUNA reports.

“The annual assessment carried out by the International Monetary Fund confirms what the European Social Democratic Party has repeatedly signaled: the economy of the Republic of Moldova remains fragile, dependent on external financing, and unable to reduce the gap compared to European economies.

According to the report, the projected economic growth for the coming years is around 2.3% in 2026 — insufficient to recover major development delays and to improve citizens’ living standards. At the same time, the Republic of Moldova remains the poorest country among the candidates for accession to the European Union.

The document highlights serious structural problems: low productivity, weak competitiveness, poor export performance, and massive emigration of the labor force. Instead of an economy based on production, exports and industrial investment, Moldova continues to depend on remittances and external financing,” the party’s statement reads.

According to the formation, the extremely large external deficit is particularly worrying — it reached approximately 16.6% of GDP in 2024 and is estimated to exceed 19% of GDP in the coming years. This means that the economy imports far more than it produces and exports, making it extremely vulnerable to any external shock.

PSDE believes that these conclusions should serve as a serious warning for the government.

“The Republic of Moldova urgently needs a clear economic strategy focused on developing domestic production, supporting entrepreneurs, attracting investment, and creating well‑paid jobs at home.

European integration can offer important opportunities, but the success of this path depends on real economic reforms and the state’s ability to build a competitive economy.

The European Social Democratic Party believes that without responsible economic policies oriented toward production, exports and industrial development, the Republic of Moldova risks remaining dependent on external financing and experiencing modest long‑term economic growth,” PSDE leadership added.