A mission of the International Monetary Fund (IMF), led by Ruben Atoyan, on March 1-14 will hold discussions with Moldova’s authorities in Chisinau, in the context of the third assessment of the ECF-EFF programme, backed through the Extended Credit Facility (ECF) and Extended Fund Facility (EFF).
According to the IMF Office in Moldova, the Fund’s experts will discuss the recent macro-economic developments, will assess the perspectives and risks for the economy and will be informed about the progress made in the implementation of the actions agreed upon within the programme supported by IMF.
The Moldovan authorities’ programme, backed by IMF, has duration of 40 months and was approved on December 21, 2021. In May 2022, the overall volume of crediting was increased up to about $826 million (594.3 million Special Drawing Rights (SDR)), of which $287.2 million (206.6 million SDR) had been already disbursed. The financing based on FCF provides for an annual interest rate of 0%, a period of grace of five years and a half and a ten-year repayment period. At the same time, the financing based on EFF sees an annual interest rate equal to the basic rate of interest for SDR, a ten-year repayment period and a grace period of four years and half. (Moldpres/Business World Magazine)
