Moldovan PM says increase by IMF of financial support to allow Moldova quickly responding to new challenges

Chisinau, 20 July /MOLDPRES/ - The present situation as to the implementation of the programme with the International Monetary Fund, as well as Moldova’s needs in the context of managing the crises triggered by the armed conflict in Ukraine have been discussed in Washington, the government’s communication and protocol department reported.    

During her visit to Washington DC, Prime Minister Natalia Gavrilita also had meetings with IMF Deputy Director Kenji Okamura, Director of the IMF European Department Alfred Kammer and his deputy Philip Gerson, the United States executive director of the International Monetary Fund, Elizabeth Shortino, the IMF executive director for Moldova, Paul Hilbers and his deputy Luc Dresse.      

The PM said that, given the latest regional developments and the need to rehabilitate all sectors hit by the war, the IMF support was vital and the increase in the financial package for Moldova would allow the authorities to quickly respond to the new challenges and realities. In this respect, the authorities’ effort is aimed at backing the socially vulnerable categories hit by the increase in prices, improving the conditions for business, speeding up the economic growth and enhancing the energy resilience.    

In the context, the prime minister stressed that Moldova further counted on IMF’s support, in order to advance on the agenda of the country’s transformation, noting that the cabinet remained firmly committed in the process of reformation of the key sectors. ‘’We want to come up with additional measures for the sectors hit and the IMF’s financial support, from which Moldova benefits, represents an extra signal conveyed to other donors and is meant to encourage the additional foreign financing,’’ Natalia Gavrilita said.     

The IMF officials gave assurances that Moldova would receive, in continuation, every necessary support to overcome the challenges related to the war, such as the inflation, worsening of commercial flows, energy crisis and other difficulties faced by the country.   

Photo: Government