A new IMF mission will visit Moldova on July 20 to 29 for discussions with the authorities in the context of the first review of the current program with the Fund.
IMF Resident Representative in Moldova Rodgers Chawani reported this, noting that, among others, the IMF mission led by Ruben Atoyan will hold discussions with the Moldovan authorities in Chisinau in the context of the first review of Moldova's current program, financed by the IMF through ECF (Extended Credit Facility) and EFF (Extended Fund Facility) lending mechanisms. The mission will discuss recent economic developments and prospects, progress in program implementation and risks to the economy. As reported earlier, the IMF 40-month program with Moldova, approved on December 21, 2021, envisages financial support worth about $526 million, of which $217 million have already been disbursed. The ECF financing has a zero interest rate with a grace period of 5.5 years and a final maturity of 10 years, while the EFF financing has an interest rate equal to the benchmark SDR rate, a maturity of 10 years and a grace period of 4.5 years. // 19.07.2022- InfoMarket.
