An International Monetary Fund (IMF) mission led by Ms. Clara Mira will visit Chisinau during September 25 – October 6, 2023, IPN reports.
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).
According to the IMF Moldova, 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.
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.