International Monetary Fund's mission to come to Chisinau

Chisinau, 21 September /MOLDPRES/ - An International Monetary Fund (IMF) mission led by Ms. Clara Mira will visit Chisinau during September 25 – October 6, 2023.   

The mission will hold combined discussions with the authorities in the context of the 2023 Article IV consultation[1], the fourth review under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements, and the authorities’ request for the support under the new Resilience and Sustainability Facility (RSF).

The mission will take stock of the recent economic developments and the progress in authorities’ program implementation, update and assess the macroeconomic outlook, and discuss with the authorities their policy priorities to address climate-related vulnerabilities that would be supported by the IMF under an RSF program.

The IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country's economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

Moldova’s 40-month IMF program, approved on December 21, 2021, and augmented in May 2022, is supported by a loan of about US$785 million (SDR 594.3 million), of which about US$366 million (SDR 277.55 million) have been already disbursed. Financing under the ECF carries a zero-interest rate with a grace period of 5½ years, and a final maturity of 10 years, and financing under EFF carries an annual interest rate equal to the SDR basic rate and is repayable over 10 years with a 4½ -year grace period.