An IMF mission led by Ruben Atoyan will hold discussions with the Moldovan authorities from March 1 to 14 on the review of the current program.
According to International Monetary Fund Resident Representative in Moldova Rodgers Chawani, the talks in Chisinau will take place in the context of the third review of Moldova's IMF-financed program through the ECF (Extended Credit Facility) and EFF (Extended Fund Facility) lending mechanisms. The IMF mission will discuss recent macroeconomic developments, will assess prospects and risks for the economy and will follow up on program commitments. It should be noted that the 40-month program was approved by the IMF in December 2021, and in May 2022, the total lending was increased to about $826 million, of which $287.2 million have already been transferred. 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 base rate of the SDR, a maturity of 10 years and a grace period of 4.5 years. // 28.02.2023 - InfoMarket
