Moldovan parliament ratifies loan agreements with European banks on road restoration
A mission of the International Monetary Fund (IMF), headed by Nikolay Gueorguiev, will come to Moldova on 27 April to carry out the third assessment mission of the programme implemented by Moldova with the IMF support via the Extended Credit Facility (ECF) and the Extended Financing Facility (EFF), the IMF representative in Chisinau has said.
The mission will analyze the recent economic developments and the achievements in the implementation of the IMF programme, will update and assess the macro-economic prospects and will discuss with the authorities the mid-term spending sheet and fiscal policy plans, as well as other macro-economic and structural policies meant to back the macroeconomic stability and to promote sustainable economic growth in the next period.
At the end of the mission, on 12 May, the IMF experts will unveil a report on the fulfillment of the commitments assumed by the Moldovan authorities under the Memorandum of Economic and Financial Policies.
The Executive Board of the International Monetary Fund approved on 6 April the decision to give Moldova another installment of 79 million dollars from a loan of 369.6 million Special Drawing Rights (equivalent to 587 million dollars).
The IMF Executive Board also approved a derogation from the performance criteria established by late March 2011, given the lack of data needed to assess the degree of their observance.
The Executive Board of the International Monetary Fund welcomed the achievements made by Moldova in 2010 and the implementation of the IMF programme, noting that sustainable efforts need to be taken further to improve the Moldovan business environment and to promote exports. "Hindrances to trade development hamper the economic progress. They should be removed on the first occasion. Comprehensive reforms are needed to secure the financial soundness in the energy sector. The scheduled privatization of state-run enterprises should enhance their efficiency and attract foreign investments," it said.
Moldpres
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