A mission from the International Monetary Fund (IMF), led by Clara Mira, will visit Chișinău, Republic of Moldova, from September 25 to October 6. The mission will conduct discussions as part of the 2023 consultations outlined in Article IV of the IMF’s Charter. This visit is related to the fourth review of the program supported by the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) mechanisms, as well as the authorities’ request for support through the new Resilience and Sustainability Financing Mechanism (RSF).
The mission will assess recent economic developments, program implementation progress, and discuss policy priorities to address climate-related vulnerabilities, supported by the IMF under the RSF financing mechanism.
The Moldovan authorities’ program supported by the IMF, approved in December 2021, has a 40-month duration, with approximately $785 million in total lending (594.3 million Special Drawing Rights – SDRs). Of this, around $366 million (277.55 million SDRs) has already been disbursed. ECF financing offers a zero percent annual interest rate, a five-and-a-half-year grace period, and a ten-year repayment term. EFF financing includes an annual interest rate tied to the SDR-based basic interest rate, a ten-year repayment term, and a four-and-a-half-year grace period.