An IMF mission led by Ruben Atoyan will be visiting Moldova on October 31 to November 11.
According to Rodgers Chawani, permanent representative of the International Monetary Fund in our country, the IMF mission will hold discussions with the Moldovan authorities in Chisinau in the context of the second review of Moldova's IMF-financed program through the ECF (Extended Credit Facility) and EFF (Extended Fund Facility) lending mechanisms. The main objectives of the mission are to discuss the general outline of the state budget for 2023 at the preparation stage, to assess macroeconomic prospects and risks, as well as to monitor the implementation of program commitments. It should be noted that the 40-month program was approved by the IMF in December 2021, and in May 2022, the total lending was increased to about $826 million, of which $258 million has already been transferred. ECF financing has a zero interest rate with a grace period of 5.5 years and a final maturity of 10 years, while EFF financing has an interest rate equal to the base SDR rate, a maturity of 10 years and a grace period of 4.5 years. // 28.10.2022 - InfoMarket
