The European Union is ready to provide Moldova with a new package of macro-financial assistance after the country concludes a new Memorandum with the IMF.
This was stated by Siegfried Muresan, MEP, Chairman of the European Parliament delegation to the EU-Moldova Parliamentary Association, at a press conference following the end of the 10th meeting of the committee, which took place today in Chisinau. He recalled that earlier the European Union had approved a plan for economic recovery for Moldova worth 600 million euros, allocates 60 million euros to overcome the gas crisis, and also represents large sums for the implementation of various projects. “We want Moldova to receive as many funds as possible to support the country's development, implement reforms, and provide assistance to citizens. We are pleased that Moldova has progress in relations with the International Monetary Fund, and when a new Memorandum of Understanding is signed with it, the EU will be ready to provide the republic with a new package of macro-financial assistance, ”said Siegfried Muresan. According to him, the relevant proposals will be presented by the European Commission, and the European Parliament will try to approve new funding for our country as soon as possible. Siegfried Muresan did not name its possible volume, noting that first it is necessary to wait for Moldova to conclude a new Memorandum with the IMF and see, among other things, the analysis of the Fund's experts on the state of the Moldovan economy, its needs, etc. “After that, the European Commission will propose a new package of macro-financial assistance for Moldova, and we in the European Parliament will try to approve it as soon as possible,” Muresan said. As InfoMarket reported earlier, the IMF Mission and the Moldovan authorities reached an agreement at the expert level on a program of economic reforms lasting 40 months, in the amount of about $ 564 million, which the IMF will support through the Extended Credit Facility (ECF) and the Extended Funding Facility (EFF) during 3 years. The expert-level agreement is subject to approval by the IMF management and the Fund's Executive Board. The IMF Executive Board is expected to consider the mission's report in December if several preliminary measures are implemented, including measures to ensure the independence of the National Bank, correct past mistakes in advancing policies, and adopt credible budget plans. // 02.12.2021 — InfoMarket
