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IMF Mission comes to Moldova to asses implementation of program commitments

An International Monetary Fund (IMF) mission led by Mr. Ruben Atoyan will hold discussions with the Moldovan authorities in the context of the third review under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements in Chisinau during March 1 – 14, 2023, IPN reports, quoting a press statement by Rodgers Chawani, IMF Resident Representative in the Republic of Moldova.

The mission will discuss recent macroeconomic developments, assess the outlook and risks for the economy and follow up on the implementation of the program commitments.

Moldova’s 40-month IMF program, approved on December 21, 2021 and augmented in May 2022, is supported by a loan of about US$826 million (SDR 594.3 million), of which US$287.2 million (SDR 206.6 million) have been already disbursed. Financing under the ECF carries a zero-interest rate with a grace period of 5½ years, and a final maturity of 10 years, and financing under EFF carries an annual interest rate equal to the SDR basic rate and is repayable over 10 years with a 4½ -year grace period.

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