The IMF mission headed by Alina Iancu will visit Moldova on October 1 – 11
The IMF mission will hold discussions with the Moldovan authorities in the context of the 6th 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 2nd review of the program financed by the IMF through the Resilience and Sustainability Facility (RSF), International Monetary Fund's permanent representative in Moldova Svetlana Cerović said. The main objectives of the mission are to discuss current economic developments, assess prospects and risks at the macroeconomic level, and monitor progress in the implementation of program commitments. It should be noted that the 40-month ECF/EFF program was approved by the IMF in December 2021, and in May 2022, total lending was increased to about $805 million (594.3 million Special Drawing Rights), of which about $608 million (449.1 million SDR) has already been disbursed. In addition, the RSF program was approved in December 2023, with funding of approximately $175 million (SDR 129.4 million), of which approximately $44 million (SDR 32.3 million) has already been transferred. The ECF financing is at a zero interest rate with a grace period of 5.5 years and a final maturity of 10 years, while the EFF financing provides for an interest rate equal to the SDR base rate, a maturity of 10 years and a grace period of four and a half years. Financing through RSF provides for a maturity of 20 years and a grace period of ten and a half years during which the principal amount of the loan is not repaid. // 27.09.2024 - InfoMarket.
