Moldova will receive IMF special financing worth about $236 million (equivalent to SDR 165.3 million) and will resume a dialogue with the Fund on a new memorandum.
This was discussed during the meeting, which the Prime Minister of Moldova Natalia Gavrilita had with the permanent representative of the International Monetary Fund in our country, Rogers Chawani. As noted, the allocation of Special Drawing Rights (SDRs) provides liquid assets to IMF member countries without any obligation to return or cancel. States do not need to fulfill any conditions in order to receive their share of the SDR allocation, respectively, each country can use the SDR allocation in accordance with domestic needs. Natalia Gavrilita and Rogers Chawani discussed the plans of the new government of Moldova, as well as the resumption of the dialogue on the political memorandum between the IMF and Moldova. In this context, the Prime Minister invited the IMF mission to Chisinau in late September. According to Natalia Gavrilita, Moldova will use the resources allocated by the IMF to replenish budget revenues and provide significant support to the sectors of the economy with an emphasis on small and medium-sized enterprises. // 24.08.2021 - InfoMarket.
