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CAO, ICFTU, IDA, IFAD, IFC, ILO, IMF, Intelsat (nonsignatory user), Interpol, IOC, IOM (observer), ISO (correspondent), ITU, OPCW, OSCE, PFP, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WMO, WToO, WTrO (applicant) Diplomatic representation in the US: chief of mission: Ambassador Ceslav CIOBANU chancery: 2101 S Street NW, Washington, DC 20008 Diplomatic representation from the US: chief of mission: Ambassador Rudolf Villem PERINA embassy: Strada Alexei Mateevicie, #103, Chisinau 2009 mailing address: use embassy street address; pouch address--American Embassy Chisinau, Department of State, Washington, DC 20521-7080 Flag description: same color scheme as Romania--three equal vertical bands of blue (hoist side), yellow, and red; emblem in center of flag is of a Roman eagle of gold outlined in black with a red beak and talons carrying a yellow cross in its beak and a green olive branch in its right talons and a yellow scepter in its left talons; on its breast is a shield divided horizontally red over blue with a stylized ox head, star, rose, and crescent all in black-outlined yellow Economy Economy--overview: Moldova enjoys a favorable climate and good farmland but has no major mineral deposits. As a result, the economy depends heavily on agriculture, featuring fruits, vegetables, wine, and tobacco. Moldova must import all of its supplies of oil, coal, and natural gas, largely from Russia. Energy shortages contributed to sharp production declines after the breakup of the Soviet Union in 1991. The Moldovan Government has recently been making progress on an ambitious economic reform agenda. As part of its reform efforts, Moldova introduced a stable convertible currency, freed all prices, stopped issuing preferential credits to state enterprises and backed steady land privatization, removed export controls, and freed interest rates. In 1998, the economic troubles of Russia, with whom Moldova conducts 55% of its trade, was a major cause of the 8.6% drop in GDP. In 1999, the IMF resumed payment on Moldova's Extended Fund Facility, which had been suspended since 1997. The IMF intends to grant $135 million in 1999. GDP: purchasing power parity--$10 billion (1998 est.) GDP--real growth rate: -8.6% (1998 est.) GDP--per capita: purchasing power parity?$2,200 (1998 est.) GDP--composition by sector: agriculture: 30% industry: 29% services
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