IMF Executive Board to discuss programme with Moldova on 7 November

14:19 | 24.10.2016 Category: Official

Chisinau, 24 October /MOLDPRES/- The National Bank of Moldova (BNM) and government fulfilled the preliminary actions of the Memorandum on Economic and Financial Policies (MEFP) within the agreement between the Moldovan authorities and IMF experts, signed on 26 July 2016, sources in BNM said.

As a result, the IMF Executive Board will meet on 7 November 2016 to discuss request of the programme on financing reforms in Moldova for a three-year period through the Extended Credit Facility and Extended Fund Facility of the IMF. The financial arrangement provides for access to funding at a level of 75 per cent of Moldova’s IMF share (nearly 182.7 million dollars).

The new programme with IMF is meant to improve rapidly governance and financial-banking sector supervision. It aims at assessing and making more transparent shareholding of commercial banks in Moldova. Monetary policy will be further focused on maintaining stability of prices in the context of the flexible exchange rate regime.

(Editor L. Alcază)

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