International Monetary Fund's experts team to come to Chisinau on 25 March

Chisinau, 22 March /MOLDPRES/ - A mission of the International Monetary Fund (IMF) led by Ruben Atoyan will pay a working visit to Chisinau on 25-29 March, according to the IMF Representation in Moldova.   

IMF Resident Representative in Moldova Volodymyr Tulin has said that “the mission’s goal is to update the information on the recent economic developments and to discuss policies promoted by the authorities to maintain the macroeconomic and budgetary and fiscal stability. Such working visits outside the standard cycle of evaluations are part of IMF’s usual practice, when it is about the countries having programmes backed by IMF.”  

The Fund’s last mission paid a working visit to Moldova on 13-20 September 2018.  IMF’s experts took knowledge about the macroeconomic situation and had discussions on the budgetary and fiscal policy, monetary policy and other relevant policies, in the context of the present programme, supported by IMF through the current financing facilities - Extended Credit Facility (ECF) and Extended Fund Facility.  

"During the visit, we discussed with the authorities the carrying out of the budget for 2018, plans dealing with the budget for 2019 and the reforms’ implementation in the financial sector,” the chief negotiator for Moldova, Ruben Atoyan, said at the end of the visit.

The last assessment 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 International Monetary Fund’s executive directors finished the third evaluation of the programme; as a result, Moldova received a new installment worth 33.8 million dollars.   

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