An International Monetary Fund (IMF) mission led by Alina Iancu will visit Chișinău during October 1-11, 2024. The primary purpose of the mission is to take stock of the recent economic developments, assess the macroeconomic outlook and risks, and follow up on the implementation of program commitments, IPN reports.
In a press statement, IMF Resident Representative in the Republic of Moldova Svetlana Cerović says that the mission will hold combined discussions with the authorities in the context of the sixth review under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements, and the second review under the Resilience and Sustainability Facility (RSF).
Moldova’s 40-month ECF and EFF IMF program, approved on December 21, 2021, and augmented in May 2022, is supported by a loan of about US$805 million (SDR 594.3 million), of which about US$608 million (SDR 449.1 million) have been already disbursed. In addition, a new arrangement under the RSF of about US$175 million (SDR 129.4 million) was approved in December 2023, of which about US$44 million (SDR 32.3 million) have already been 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. Financing under the RSF reaches maturity in 20 years and has a 10½-year grace period during which no principal is repaid.
- Moldova is in the process of coupling to the European electricity market
- Moldova will pay 54 million lei – dues to international organizations
- Public and commercial buildings will limit indoor lighting by at least 30%. CSE decision
- From January 1, electricity produced during the day will be traded only on the domestic market
- Fish consumption on the rise. MAIA: Choose local product at Christmas and all year round
