Moldova will receive an external state loan of $170.8 million from the IMF through the Resilience and Sustainability Facility (RSF).
This is stipulated by the draft law on attracting this external state loan from the International Monetary Fund, approved by the Moldovan government at a meeting on Wednesday. Finance Minister Petru Rotaru said that on December 6, 2023, the IMF Executive Board approved for Moldova a new $170.8 million under the RSF - Resilience and Sustainability Financing Facility. This program will support Moldova's efforts to build resilience to climate shocks, help implement reforms in the energy sector and mobilize sustainable financing. The loan will be used to finance state budget needs. The duration of the RSF program is 22 months. The loan, which will be provided by the International Monetary Fund through the Resilience and Sustainability Facility, will be repaid in 20 equal installments after 10.5 years from the date of each drawdown from the loan account. The maturity of the loan is 20 years. The interest applicable on the loan under consideration will be equal to the base interest rate in SDRs (Special Drawing Rights) plus a margin of 0.75pc. The service fee will be 0.25% of the amount allocated. The new RSF program is planned to support Moldova's investments in building resilience to climate shocks, stimulating adaptation and mitigation finance, supporting energy sector reforms, and increasing the readiness of the domestic financial sector to mobilize sustainable finance. // 29.05.2024 - InfoMarket.
