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International Monetary Fund Mission, headed by Ruben Atoyan, will visit Moldova during September 13 – 20

International Monetary Fund Mission, headed by Ruben Atoyan, will visit Moldova during September 13 – 20

As stated in the statement of the IMF permanent representative in Moldova Volodymyr Tulin, it will be a working visit, and not a formal review of Moldova’s program with the IMF. The purpose of the visit is to gather information on the macroeconomic situation and discuss fiscal policy, monetary policy and other important policies in the context of Moldova's current program, financed by the IMF through the ECF (Extended Credit Facility) and the EFF (Extended Fund Facility) mechanisms. It is emphasized that such IMF staff visits are standard practice in cooperation with countries implementing programs supported by the IMF and are conducted outside the formal cycle of program reviews. As InfoMarket agency reported earlier, Parliament Speaker Andrian Candu noted earlier that another IMF expert evaluation mission will visit our country only after the parliamentary elections, and until the spring of 2019 its visit to Moldova is not planned. It is expected only the arrival in September of the IMF's Technical Mission, which will assess the macro-financial situation, financial and economic indicators, will agree with the authorities on fiscal policy and budget parameters for the next year. The Speaker explained that since the government and parliament are completing their mandate, the supreme legislative body will not be able to pass laws after November 30 this year, the IMF experts will not discuss the obligations and actions of the authorities for the subsequent period, and there will be no talk of a new tranche of funding, which will become possible only in the spring of 2019, after the parliamentary elections, and the discussion will be led by a new government. At the end of June this year, the IMF approved for Moldova the third tranche of a loan worth $33.8 million under the current funding program, completing the third assessment of the progress of the program with the RM. The three-year agreement with Moldova was approved by the IMF Board of Executive Directors on November 7, 2016. Our country has access to financing for a total of about $178.7 million. //12.09.2018 - InfoMarket.

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