Page 53 - SE Outlook Regions 2023

When it comes to the CA financing, the $1.62bn CA gap in the most
recent 12-month period was safely covered by the inflow of capital and
financial inflows – each of the two sections of the balance of payments
(BoP) accounting for roughly the same amount as the CA gap (some
$1.6bn each).

The capital account inflows increased by 21% y/y to $1.62bn and the
financial inflows by 15% y/y to $1.59bn, in the 12-month period ending
September.

Moldova’s gross external debt increased by only 4.2% (+$361mn) y/y at
the end of September, to $8.89bn or 62.1% of GDP.

Moldova’s public external debt rose by 19% y/y ($447mn) as of
September – meaning that the non-government sector (particularly the
central bank) ended the period with lower gross external debt. The
government and central bank together posted a combined gross
external debt of $2.77bn (+8%, or +$179mn) at the end of September.

53 SE Outlook 2023 www.intellinews.com