International Monetary Fund allocates Moldova new tranche of 46.1 million dollars

A new tranche worth $46.1M from the International Monetary Fund (IMF) has entered the account of the Finance Ministry and National Bank of Moldova. About $27.5M of this sum was for backing the state budget of Moldova. The IMF executive board also approved the request of Moldova to extend the program until March 20, 2020 and change the payment schedule for the successful completion of the programme. The Finance Ministry reminds that the first payment, amounting to $30.7M, was made on 24 September 2019, of which $18.4M (Extended Fund Facility) is aimed to support the state budget of Moldova. The rest of the sum, $15.4M, was allocated on 30 September. The IMF approved financial assistance for Moldova in the amount of $ 178.7M as part of a three-year programme. The goal of the financing provided by the Fund is to support the programme of economic and financial reforms promoted by the authorities. Financial means worth $91.4M, aimed to back the state budget, have been earmarked so far. We remind that in June the IMF assessment mission visited Chisinau. During the visit, Sandu asked the IMF to extend the financing program until March 2020, so that Moldova could receive macro-financial support from the EU, since one of the conditions for such assistance is the existing programme with the fund. Newsmaker