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MOLDOVA AND THE IMF
FACTSHEET
At a Glance
-
Moldova joined the IMF on August 12, 1992.
-
Moldova’s quota in the IMF amounts to
SDR 123.2 million
(about US$182 million) or 0.06 percent of total quota. Moldova’s voting power
in the IMF is 1,482 votes or 0.07 percent of total.
-
Moldova accepted the obligations of Article VIII of the IMF Articles of
Agreement on June 30, 1995.
-
Moldova’s currency is the leu; its external value is market determined.
-
Moldova’s Governor in the IMF is Mr. Dorin
Dragutanu, Governor of
the National Bank of Moldova; Moldova’s Alternate Governor in the IMF is Mr.
Marin Molosag, First Vice Governor of the National Bank of Moldova.
-
Mr.
Age Bakker (the Netherlands) is Moldova’s Executive Director in the IMF; his
constituency also includes Armenia, Bosnia and Herzegovina, Bulgaria, Croatia,
Cyprus, Georgia, Israel, the former Yugoslav Republic of Macedonia, Romania, and
Ukraine.
-
Mr. Nikolay Gueorguiev is IMF's Mission Chief for Moldova.
-
Mr. Tokhir Mirzoev is IMF's Resident Representative in Moldova.
Financial Assistance
Since 1993, Moldova has had
the following arrangements with the IMF in support of the
authorities' economic adjustment programs: Compensatory and Contingency
Financing Facility (CCFF), Systemic Transformation Facility (STF), Stand-by
arrangements (SBA), Extended Fund Facilities (EFF), and Poverty Reduction and
Growth Facilities (PRGF) - from 2009 called Extended Credit Facilities (ECF).
Total Fund credit and loans outstanding at the end of July 2010 amounted to SDR
174.5
million (about US$ 265 million). In 2009 Moldova has also benefited from a
one-time SDR allocation amounting to SDR 117.71 million.
Type of
Arrangement/Resources |
Approval
Date |
Expiration or
Cancellation
Date |
Amount
Approved
(SDR Million) |
Amount
Drawn
(SDR Million) |
|
CCFF |
15-Jan-93 & 19-Dec-94 |
-- |
25.70 |
25.70 |
|
STF* |
16,-Sep 1993 |
15-Sep, 1994 |
45.00 |
45.00 |
|
Stand-by |
17-Dec, 1993 |
16-Mar 1995 |
51.75 |
51.75 |
|
Stand-by |
22-Mar, 1995 |
21-Mar, 1996 |
58.50 |
32.40 |
|
EFF |
20-May, 1996 |
19-May, 2000 |
135.00 |
87.50 |
|
PRGF |
21-Dec, 2000 |
20-Dec, 2003 |
110.88 |
27.72 |
|
PRGF** |
5-May, 2006 |
4-May, 2009 |
110.88 |
88.00 |
|
ECF |
29-Jan, 2010 |
28-Jan, 2013 |
184.80 |
40.00 |
|
EFF |
29-Jan, 2010 |
28-Jan, 2013 |
184.80 |
40.00 |
*
The STF was a temporary IMF financing facility that provided assistance to
member countries facing balance of payments difficulties arising from severe
disruptions in their trade and payments arrangements owing to a shift from
reliance on trading at nonmarket prices to multilateral market-based trade.
**
The PRGF was replaced by ECF in 2009.
More detailed tables:
Republic
of Moldova: Financial Position in the Fund
(including transactions with the Fund - summary of
disbursements and repayments,
IMF credit outstanding, projected payments)
Technical Assistance
The IMF has provided Moldova with technical assistance in a number of areas,
including fiscal management, public expenditure, tax and customs, monetary
accounting system, bank supervision, monetary policy/central bank organization,
and in various statistical areas.
The IMF Institute provided training to Moldovan officials in areas such as
financial programming and policy, external policies, monetary and exchange
operations, and balance of payments and government finance statistics; Moldovan
officials also attended courses and seminars offered by the Joint Vienna
Institute, in areas such as central bank accounting, macroeconomic analysis and
policy, public expenditure, tax policy administration and reform, banking
supervision, and in various statistical areas.
_______________________
Last update: September 2010 |
