Moldova will continue negotiations with the IMF next week on a new cooperation program with our country
Prime Minister Alexandru Munteanu announced this at a Cabinet meeting on Wednesday. He noted that a delegation from the government and the National Bank of Moldova (NBM) will travel to Washington to participate in the IMF and World Bank Group Spring Meetings, which will take place from April 13 to 18. At the same time, Moldovan representatives will continue the previously initiated negotiations with the IMF on a new cooperation program with our country. As previously reported, Moldovan authorities are negotiating a new three-year cooperation program with the IMF that does not include a financial component. The decision to opt for a non-financial instrument reflects the improvement in Moldova’s macroeconomic situation, which no longer justifies the need for urgent financing. It is planned that the new program with the IMF will support the European integration program, strengthen investor confidence, and mobilize investment in Moldova’s economy. The IMF Executive Board took note of the authorities’ interest in concluding a new agreement with the Fund, emphasizing that maintaining a program relationship with the IMF will be crucial for accelerating the pace of reforms and supporting EU accession. Earlier, the IMF’s Resident Representative in Moldova, Svetlana Cerović, noted that the Moldovan government had officially requested the IMF to begin work on a new program, which could be designed to last three years. It should be recalled that Moldova’s previous cooperation program with the IMF was approved by the Fund’s Executive Board in December 2021. It was implemented under two IMF instruments—the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF)—and was designed to last 40 months, through 2025. Initially, the funding amounted to approximately $400 million; however, following the outbreak of the war in Ukraine and the energy crisis in the region, the amount was increased. In December 2022, the IMF approved its expansion, and the total amount of resources available to Moldova reached approximately $800 million. However, by the time both programs expired in October 2025, Moldova had not received a portion of the funding—approximately $165 million. Nevertheless, the programs played an important role in maintaining the country’s macroeconomic stability during a period of serious external shocks. The existence of an agreement with the IMF is traditionally viewed by international partners as a sign of confidence in the country’s economic policy and helps attract additional financial support from other international financial institutions and donors. // 08.04.2026 – InfoMarket.
