Mr. Kenji Okamura,
Deputy Managing Director of the International monetary Fund (IMF), issued the
following statement today in
Chișinău at the conclusion of his visit to Moldova:
“My visit to Moldova has been
very productive and fruitful, and I am grateful for the warm hospitality of the
people of Moldova.
“I wish to thank
President Maia Sandu, Prime Minister Natalia Gavrilița,
Deputy Prime Minister
Andrei Spînu, Finance Minister
Dumitru Budianschi, Governor of the National Bank of Moldova Octavian Armaşu,
Minister of Labor and Social
Protection Marcel Spatari, their teams, and other officials for our constructive
and substantive discussions which gave me a better sense of the challenges
Moldova is facing.
spillovers from the war in Ukraine and international sanctions on Russia and
Belarus, including trade disruptions, higher and more volatile energy prices,
and the continued influx of a large number of refugees, have had a significant
impact on Moldova and led to increased external financing needs.
“During my visit, I had the
opportunity to engage with refugees from Ukraine and better understand their
difficult situation. I have visited several parts of the country and witnessed
the generosity of the people of Moldova and their warm hospitality to the
refugees which deserve high praise. I call on the international community to
continue supporting Moldova’s integrative approach to refugees and its efforts
to forge ahead with reforms, while dealing with a series of crisis.
“I commended the Moldovan
authorities for their prudent fiscal and monetary policies and swift response to
the spillovers from the war in Ukraine and inflation. In my discussions, I
welcomed the authorities’ strong ownership of their ambitious governance reform
agenda and their transparent response to the energy crisis. These reforms are
critical to improve fostering inclusive and sustainable growth.
“On May 11, the IMF
Executive Board approved additional financial assistance to Moldova to help your
country address the challenges resulting from the war in Ukraine, catalyze
additional external financing, and provide needed support to the most
vulnerable. The IMF will remain
supportive of Moldova’s ongoing efforts to improve living standards of your