IMF mission to come on visit to Chisinau

Chisinau, 27 October /MOLDPRES/ - A mission of the International Monetary Fund, led by Ruben Atoyan, on 31 October – 11 November will hold discussions in Chisinau with Moldova’s authorities, in the context of the second evaluation of the ECF-EFF programme, backed through the Extended Credit Facility  (ECF) and Extended Fund Facility (EFF).   

IMF Resident Representative in Moldova Rodgers Chawani has said that the Fund’s experts would discuss mainly general aspects of the state budget for 2023, under elaboration, would assess the macro-economic perspectives and risks and would be take knowledge about the progress achieved in the implementation of the actions agreed upon within the programme supported by IMF.   

The programme of the Moldovan authorities, backed by IMF, has duration of 40 years and was approved in December 2021. In last May, the overall volume of crediting was increased to about 826 million dollars (594.3 million special drawing rights SDR), of which 258 million dollars (185.95 million SDR) has been already disbursed. The financing based on the FCF provides for an yearly interest rate of 0 per cent, a grace period of five years and a half and a repayment period of ten years and the financing based on EFF sees an annual interest rate equal to the basic interest rate for SDR, a ten-year repayment period and a grace period of four years and a half.