The International Monetary Fund (IMF) has approved additional financial assistance for Moldova, to be disbursed through the Extended Fund Facility (EFF) and the Extended Credit Facility (ECF). These funds will address the needs of the state budget. Parliament approved the related draft laws in the second reading.
Under the EFF, Moldova’s loan amount will increase by 94.3 million Special Drawing Rights (SDR), bringing the total to 396.175 million SDR. The IMF will disburse the loan in 12 equal installments, with Moldova beginning repayments 4.5 years after each installment and completing them within a 10-year maturity period. The interest rate will be floating.
The IMF will increase the ECF loan by 19.05 million SDR, bringing the total to 198.0875 million SDR. Repayments will occur in 10 equal installments, starting 5.5 years after each drawing. The loan carries a 10-year maturity, with its interest rate reviewed every two years and remaining at 0% until April 30, 2025.
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MPs approved a draft law in the first reading during the plenary session to increase Moldova’s IMF subscription quota. Following the IMF Board of Governors’ decision to raise quotas for all 190 member states, Moldova’s subscription will increase from 172.5 million SDR to 258.8 million SDR.
According to authorities, this increase will strengthen Moldova’s financial standing within the IMF and enhance its capacity to access additional financial support if needed. The goal is to expand the volume of financial assistance available to Moldova.