An IMF mission headed by Clara Mira will visit Moldova from April 22 to May 2.
This was announced by the IMF Resident Representative in Moldova Svetlana Cerović, who said that the IMF mission will hold discussions with the Moldovan authorities in Chisinau in the context of the 5th review of the ECF/EFF program for Moldova, financed by the IMF through the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF), and the first review of the program financed by the IMF through the Resilience and Sustainability Facility (RSF). The IMF mission will also review recent economic developments and the authorities' progress in implementing the program, will update data, and assess the macroeconomic outlook. It should be noted that the 40-month ECF/EFF program for Moldova was approved by the IMF in December 2021, and in May 2022 the total lending was increased to about $783 million, of which about $459 million has already been disbursed. In addition, the RSF program was approved in December 2023, with financing of about $170 million. ECF financing is at a zero interest rate with a grace period of 5.5 years and a final maturity of 10 years, while EFF financing provides for an interest rate equal to the SDR (Special Drawing Rights) base rate, a maturity of 10 years, and a grace period of 4.5 years. Financing through RSF provides for a maturity of 20 years and a grace period of 10.5 years during which the principal amount of the loan is not repaid. // 19.04.2024 - InfoMarket.
