BNM Governor: New IMF Program to support European integration agenda, strengthen investor confidence, mobilize investments

The new program with the International Monetary Fund (IMF) will support the European integration agenda, strengthen investor confidence, and mobilize investments in the economy of the Republic of Moldova. The statement was made by Governor of the National Bank of Moldova (NBM) Anca Dragu, who held a meeting with Marnix van Rij, Alternate Executive Director of the IMF for the constituency that includes the Republic of Moldova, on a working visit to Chișinău.

The dialogue focused on the continuity of cooperative relations between the Republic of Moldova and the IMF, in the context of the Moldovan authorities’ request to launch a new IMF program without a financial component, which is expected to have a duration of three years.

Dragu emphasized the importance of transitioning to a partnership focused on policy credibility, macroeconomic stability, and the implementation of structural reforms.

“The decision to opt for a non-financial instrument reflects the improvement in the macroeconomic situation of the Republic of Moldova, which no longer justifies the need for emergency financing. The new program with the IMF will support the European integration agenda, strengthen investor confidence, and mobilize investments in the economy of the Republic of Moldova,” stated Anca Dragu.

According to the NBM, under the future program, NBM–IMF cooperation will aim at strengthening monetary policies, implementing the recommendations of the 2025 Financial Sector Assessment Program (FSAP), as well as reinforcing the independence of the NBM and improving internal governance. The NBM–IMF partnership is expected to confirm that the monetary and financial policy of the Republic of Moldova meets the standards of a future member state of the European Union.

At the end of February, the IMF Executive Board took note of the authorities’ interest in concluding a new agreement with the IMF, emphasizing that maintaining relations through an IMF program will be essential for reviving reform momentum and supporting EU accession.