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Prime Minister Dorin Recean had a meeting with the mission of the International Monetary Fund

01-10-2024 14:01
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October 1, 2024, Chișinău – Recent developments in economy, the macroeconomic outlook and the progress achieved in implementing the reform agenda were discussed today by Prime Minister Dorin Recean and the mission team of the International Monetary Fund (IMF). The mission is led by Alina Iancu and is visiting Chisinau during October 1-11.

 

The discussions took place in the context of the sixth reviews under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements, and the second review under the Resilience and Sustainability Facility (RSF).

 

Prime Minister Dorin Recean stressed that the Government pursued two main objectives: relaunching the economy and ensuring peace and security. ‘We want to increase consumer and investor confidence in our economy, which has suffered in the current regional context,’ said the Prime Minister.

 

They also talked about justice reform and the fight against corruption, the situation in the energy sector, the integration of the Transnistrian region into the economic space of the Republic of Moldova, the strengthening of the financial-banking sector, with an emphasis on the activity framework of the National Bank of Moldova.

 

‘Justice reform is the foundation on which all other reforms are built, and it requires a systemic approach. It is essential for the system to find people of integrity, and for the institutions in justice to be sustainable, independent, and yet not isolated’, pointed out the Prime Minister.

 

The IMF mission noted that the latest macroeconomic developments point in the right direction for economic recovery. They appreciated the detailed information provided by the authorities and assured the full support of the international financial institution for the national economy and the continuation of reforms.

 

Moldova’s 40-month ECF and EFF IMF program, approved on December 21, 2021, and augmented in May 2022, is supported by a loan of about US$805 million, of which about US$608 million have been already disbursed.

 

In addition, a new arrangement under the RSF of about US$175 million was approved in December 2023, of which about US$44 million have already been disbursed.

Agenda

September 2026

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