Prime Minister Dorin Recean, at a meeting with members of the IMF Mission, discussed the reforms carried out in Moldova and measures to support businesses and citizens.
The government's press service said that, in particular, at the meeting with members of the IMF delegation led by Clara Mira, the sides discussed issues related to the 2023 consultations, the crediting program and financing mechanisms to ensure sustainability. Prime Minister spoke about the progress in the reforms initiated in the justice sector, the progress in the country's economic development, measures to support entrepreneurship and the promotion of Moldova's European agenda. "Among the government's top priorities are the justice reform and the fight against corruption. We need to provide the necessary tools to clean up the system on our own. At the same time, we are emphasizing economic development and it is necessary to provide entrepreneurs with sustainability and predictability. We are also incentivizing investments in the energy efficiency sector, which will have a positive long-term impact both on the business environment and on localities across the country. In this sense, we count on the support of external partners, including the IMF, to create support policies," Prime Minister Dorin Recean said. At the meeting, the sides also discussed the importance of cooperation with the IMF in the process of backing Moldova's European path through institutional consolidation, harmonization of the legislation with the European standards, as well as minimization of vulnerabilities related to climate change. As previously reported, the IMF Mission will be in Moldova from September 25 to October 6 and will hold discussions with the Moldovan authorities in accordance with Article 4 of the IMF's 2023 Situation Agreement, as well as discussions in the context of the fourth review of Moldova's ECF/EFF program, financed by the IMF through the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) and the authorities' request for support through the new Resilience and Sustainability Facility (RSF). The IMF mission will review recent economic developments and the authorities' progress in implementing the program, update data and assess the macroeconomic outlook, and discuss with the authorities policy priorities to address climate change-related vulnerabilities that could be supported by the IMF under the RSF program. The current 40-month program was approved by the IMF in December 2021, and in May 2022, total lending under the program was increased to about $785 million, of which about $366 million has already been disbursed. Under Article 4 of the IMF's Articles of Agreement, bilateral consultations with all member countries are held annually (as a rule). An IMF mission visits the country to collect economic and financial data and to discuss economic progress and policies with the authorities. Upon returning to headquarters, the staff writes a report, which is the main document submitted to the Executive Board for consideration. // 25.09.2023 – InfoMarket
