Government discusses economic growth priorities with IMF mission

The progress made by Moldova in implementing the ongoing program with the International Monetary Fund was discussed by Prime Minister Dorin Recean with an IMF team led by Clara Mira.

The IMF experts will be in Chisinau from April 22 to May 2 to conduct the fifth assessment of the program under by the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) and the first assessment of the program under the Mechanism of Resilience and Sustainability Facility (RSF) .

Prime Minister Dorin Recean spoke about the main priorities of the Government, including relaunching the economy and improving the investment climate, with a focus on ensuring safety and predictability for businesses investing in Moldova. The prime minister also spoke about the country’s European agenda, the fight against corruption and the progress of the justice sector reforms.

“Continuing justice sector reforms will ensure the sustainability of our actions in all other areas and create the necessary conditions for business growth, increasing the investment attractiveness of our country, as well as for strengthening energy security, said Dorin Recean, as quoted in a press release issued by the Government.

The officials also discussed the budget and tax policy, the consolidation of the banking system and the efficient and transparent management of public finances. In the coming days, the IMF mission will analyze the recent developments in the economy and the progress achieved in implementing the program, and will also update the data, assessing prospects at the macroeconomic level.

The program supported by the IMF under the ECF and EFF financing mechanisms has a duration of 40 months and was approved on December 21, 2021.

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