Moldova & IMF IMF Activities Publications Press Releases

Limba romana                                                                                                      Russian

                                                                                                                                  November 11, 2008

Johan Mathisen
IMF Resident Representative in the Republic of Moldova




A mission of the European Department of the International Monetary Fund (IMF) headed by Mr. Graeme Justice will work in Chişinău during December 4-16, 2008.  

The main task of the IMF mission is to conduct the Fifth Review under the PRGF arrangement[1].

The mission will take stock of the past performance of the government and the National Bank of Moldova in meeting their commitments on the implementation of the macroeconomic policies and structural reforms, will assess the macroeconomic outlook for 2009, and will discuss the updating of the Memorandum on Economic and Financial Policies (MEFP).  

As usual, Mr. Justice and his team will hold a short press briefing at the end of the visit.


[1] The Poverty Reduction and Growth Facility (PRGF) is the IMF's concessional facility for low income countries. PRGF loans carry an annual interest rate of 0.5 percent, and are repayable over 10 years with a 5.5-year grace period on principal payments. The PGRF arrangement with Moldova totals about USD 166 million, of which about USD 131 million have been disbursed so far.