bne IntelliNews – The IMF team begins negotiations on new agreements with Moldova on September 27
A team of experts from the International Monetary Fund (IMF), led by Ruben Atoyan, will begin discussions with the authorities of the Republic of Moldova on September 27.
This will be the Fund’s first meeting with the Moldovan authorities after the change of government this summer.
The IMF disbursed $ 236 million into the accounts of the National Bank of Moldova (BNM) at the end of August, as financial support aimed at helping the country mitigate the effects of the COVID-19 pandemic.
The money is the Moldovan tranche of the General Special Drawing Rights (SDR) allocation equivalent to $ 650 billion (about SDR 456 billion) approved by the IMF Governing Council on August 2, to boost global liquidity .
In addition, Moldova is negotiating three-year agreements with the IMF with loans of 558 million dollars, the experts of the Fund due to resume talks started in July at the end of September.
During its visit, which begins on September 27, the IMF mission will hold talks as part of the 2021 Article IV consultations, as well as on the authorities’ request for the new program which focuses on a package. policies to lay the groundwork for recovery from COVID. -19 pandemic and the pursuit of reforms related to good governance and institutional reforms.
According to an IMF statement, the new program will build on the progress made under the previous program and will aim to support Moldova’s economic recovery after overcoming the COVID-19 pandemic and pushing forward with the implementation of reforms ambitious institutional policies.
The main subjects discussed during the discussions were the medium-term priorities of the ministry in budgetary matters, namely the restructuring of the government and the redistribution of expenditure in this regard, the rectification of the state budget for 2021 and the planning of the budget. . for 2022, to be approved by the beginning of December of this year.