The Republic of Moldova could access a new financing program from the International Monetary Fund (IMF) – the Resilience and Sustainability Facility (RSF). The presidential institution announces that the negotiations are concluded, and the “positive” decision of the IMF is expected at the beginning of the current December. The subject was discussed on November 29 by President Maia Sandu with the Deputy Director of the European Department of the IMF, Mark Horton, and the Executive Director of the institution, Paul Hilbers.
The Presidency announced that during the meeting, discussions were held on the situation in the country and the region, as well as recent economic developments. Similarly, according to the cited source, discussions took place regarding the support provided by the IMF for economic recovery, and the development of a stable and predictable economic environment in the process of EU accession.
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The presidential institution announced that the head of state thanked the representatives of the IMF for the “partnership and continuous support provided for maintaining Moldova’s economic stability.”
“A stable and sustainable economic environment contributes to economic development, ensures the well-being of the people, and facilitates the process of accession to the European Union,” said President Maia Sandu.
The Presidency specifies that, in addition to the existing Policy Program with the IMF, Moldova will benefit from a new funding and support mechanism for Resilience and Sustainability (RSF).
“The RSF mechanism will support the authorities’ efforts in managing climate challenges, including increasing resilience to climate-related shocks and enhancing energy security. Negotiations are completed, and the positive decision of the IMF Board of Directors is expected in early December 2023,” concluded the cited source.