IMF to Provide Moldova with $ 564 Million

The government has agreed with the International Monetary Fund to provide a loan for $ 564 million. This was stated by Prime Minister Natalia Gavrilita after a meeting with the Permanent Representative of the IMF in Moldova, Rogers Chawani, agora.md reports. The funds should be used to restore the economy and implement institutional reforms. “The IMF mission and the Moldovan authorities have reached an agreement on a 40-month program of economic reforms worth $ 564 million. It will be supported by a three-year agreement financed under an extended credit facility. The new program is aimed at supporting economic recovery and launching an ambitious program of governance reform,” the IMF said in a statement. Point