Moldovan MPs make amendments to two laws regarding relations with IMF

15:56 | 23.06.2022 Category: Economic

Chisinau, 23 June /MOLDPRES/ - The parliament today approved, in the final reading, amendments to the law on the attraction of a state foreign loan on behalf of the International Monetary Fund (IMF) within the Extended Fund Facility (EFF) and to the law on the attraction of a state foreign loan within the Extended Credit Facility (ECF).

The amendments were necessary, given that IMF had ruled to increase the assistance for Moldova. On 11 May 2022, the IMF Board of Directors adopted the decision on increasing the loans within the programme of economic reforms from 400 million Special Drawing Rights (SDR) up to 594.3 million SDR (about 795.72 million dollars).

The two loans will be used for financing the state budget needs.

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