Prime Minister Dorin Recean met with the International Monetary Fund (IMF) mission, led by Alina Iancu, to discuss recent economic developments, macroeconomic perspectives, and the progress in reform implementation. The mission is in Chisinau from October 1-11.
These discussions are part of the sixth evaluation of the programs supported by the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) and the second evaluation of the Resilience and Sustainability Facility (RSF).
PM Recean emphasized the government’s two primary goals: revitalizing the economy and ensuring peace and security. “We aim to restore consumer and investor confidence in our economy, which the current regional situation has affected,” he stated.
The talks also addressed justice reform, anti-corruption efforts, energy sector challenges, integrating the Transnistrian region into Moldova’s economic space, and strengthening the financial and banking sectors, focusing on the National Bank of Moldova’s operations.
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“The justice reform underpins all other reforms, and a systemic approach is needed. It is crucial to have honest individuals in the system, and institutions must be sustainable, independent, and not isolated,” the Prime Minister emphasized.
The IMF mission acknowledged that recent macroeconomic trends indicate the country is on the right path to recovery. They praised the detailed information provided by Moldovan authorities and reaffirmed their full support for the country’s economy and ongoing reforms.
The IMF approved Moldova’s program, funded through the ECF and EFF, on December 21, 2021, for 40 years. In May 2022, they increased the credit volume to $805 million, and approximately $608 million has already been disbursed.
In addition, a new program worth approximately $175 million was approved in December 2023 under the RSF, with around $44 million already disbursed.