If signed, an agreement with the International Monetary Fund (IMF) will increase investment in Moldova. That’s according to the Governor of the National Bank of Moldova (NBM), Sergiu Cioclea.
According to him, as soon as Moldova signs an agreement with the IMF, funding and grants from various international organizations and private investors will come in the country.
The Minister of Economy Octavian Calmac said the agreement with the IMF could be signed earlier, if the country had been ready for that.
The Minister of Finance Octavian Armasu noted that Moldova had fulfilled the conditions put forward by the IMF and was ready to get the funding program.
On November 7, IMF’s Executive Board will hold a meeting to review and approve of the funding program for Moldova. The loan, in the amount of $183 million, will be given for a period of three years. The new agreement includes, among other things, conditions on improving governance and supervision of the banking sector. (TRM/Business World Magazine)