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GOVERNMENT TRYING TO REPAIR HOLES IN RELATIONS WITH IMF

Chisinau-12.11.2001/15:19:12/(BASA-economic) Moldovan authorities
are running all over to urgently repair some holes in their
relations with the International Monetary Fund (IMF) and the World
Bank in order to obtain this year at least a part of the
international support for the ailing budget.

The government committee monitoring the fulfillment of Moldovan
commitments assumed towards the international financial bodies will
meet on Tuesday, the second time in the last six days.

Premier Vasile Tarlev stated last weekend that his government
fulfilled "all conditions stipulated in the December 2000 memorandum
between Moldova and the IMF, and added that the international
assistance would be resumed by the end of this year."

Chisinau expects to receive a 5-million-dollar supplement to the
second Structural Adjustment Credit, SAC-II, and a tranche of the
SAC-III from the World Bank in 2001, a 4-million-dollar grant from
the Netherlands, as well as the reschedule of its foreign debt
through the Paris Club.

The parliament will be convoked for an extraordinary meeting on
Wednesday to adopt several laws demanded by IMF, especially the
law on bankruptcy and the law on financial institutions.

The IMF halted the allocation of the next tranche of its
142-million-dollar loan after the visit of a mission in April,
citing Chisinau's failure to fulfil a series of clauses in the
memorandum. The World Bank consequently froze loans of 30 million
dollars, and the European Union withheld a further 6.3 million
dollars. All this money was included in the 2001 budget, plus an
expected 151-million-leu incomes from the failing privatisation
program.
 


GUVERNUL INCEARCA IN REGIM DE URGENTA SA ACOPERE NISTE GOLURI IN RELATIILE CU FMI PENTRU A PUTEA CONTA PE SPRIJIN IN ANUL CURENT

Chisinau-12.11.2001/14:33:15/(BASA-economic) Autoritatile R.Moldova incearca in regim de urgenta sa lichideze niste goluri in relatiile cu FMI si Banca Mondiala pentru a putea obtine in anul curent cel putin o parte din sprijinul pe care conta la formarea bugetului.

Maine, pentru a doua oara in ultimele sase zile, va fi convocat Comitetul tehnic pentru realizarea angajamentelor asumate de Guvern fata de organismele financiare internationale.

Primul ministru Vasile Tarlev a declarat in sedinta de la sfarsitul saptamanii trecute ca Guvernul a respectat toate "cerintele stipulate in Memorandumul semnat la sfarsitul anului 2000 cu Fondul Monetar International, astfel ca finantarea externa urmeaza a fi deblocata pana la finele anului curent".

Chisinaul asteapta sa primeasca pana la sfarsitul anului curent suplimentul de 5 mln USD la creditul pentru ajustari structurale SAC-II si o transa din creditul SAC-III de la Banca Mondiala, precum si un grant al Guvernului olandez in suma de 10 mln guldeni (4 mln USD), iar ulterior restructurarea datoriei externe prin intermediul Clubului de la Paris.

Legislativul se va convoca miercuri intr-o sedinta extraordinara pentru a aproba cateva legi asupra carora a convenit cu Fondul Monetar International, in particular legea insolvabilitatii si cea a institutiilor financiare.

FMI a stopat alocarea urmatoarei transe din creditul de 142 mln USD dupa vizita misiunii din aprilie a.c. pe motiv ca Chisinaul nu a indeplinit o serie din clauzele Memorandumului.

Deoarece nu si-a onorat obligatiunile fata de finantatorii externi, Chisinaul nu a primit de la Banca Mondiala imprumuturi in suma de 30 mln USD, iar de la Uniunea Europeana 6,3 mln USD, care au fost luate in calcul la formarea bugetului pe anul 2001, iar multravnitele venituri de 151 mln lei din privatizare pentru finantarea deficitului bugetar au fost ratate.