International Monetary Fund's misson to come to Chisinau on 13 September

Chisinau, 11 September /MOLDPRES/ - A mission of the International Monetary Fund (IMF), led by Ruben Atoyan, will pay a working visit to Chisinau on 13-20 September. “This will not be a mission for assessing the implementation of the programme with IMF,” the Fund’s Resident Representative in Moldova Volodymyr Tulin has said.  

The purpose of the visit is to update staff on the macroeconomic situation and discuss fiscal, monetary and other policies in the context of the existing Extended Credit Facility (ECF) and Extended Fund Facility (EFF) Arrangements for the Republic of Moldova,  a press release of the IMF Resident Representative in Moldova also reads.  

Such staff visits are standard practice in program cases outside of the formal cycle of program reviews.

The last evaluation of Moldova’s Programme with IMF was made in the second half of March 2018, when a staff level agreement on the third evaluation was reached. On 29 June 2018, the Board of Directors of the International Monetary Fund finished the third evaluation of the programme; as a result, Moldova received a new installment worth about 33.8 million dollars.

The three-year programme of the Moldovan authorities, supported by IMF, was approved on 7 November 2016. The programme is financed through a loan worth 129.4 Special Drawing Rights (SDR) – a sum equivalent to about 187 million dollars, of which more than 115 million dollars has been already earmarked.   

(Reporter V. Bercu, editor L. Alcaza)