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IMF experts present results of assessment of second Post-Program Monitoring Mission to Moldova

Chisinau, 7 October /MOLDPRES/ - The representatives of the International Monetary Fund (IMF) Mission, led by Max Alier met Prime Minister Iurie Leanca today. They unveiled the results of the analysis conducted over the past two weeks on the macroeconomic developments, structural reforms, as well as monetary policies and situation in the financial system of Moldova, the government’s communication and media relations department has reported.

Max Alier said the IMF staff had an effective collaboration with representatives of the central public authorities during the mission. The official said that, following the meetings, conclusions and recommendations on forecasts for the macroeconomic developments and budget prospects for 2014 and in the medium term had been developed, taking into account possible domestic and foreign vulnerabilities, promoting structural reforms to attract foreign direct investments to the national economy and the situation in the financial and banking system of Moldova.

According to the IMF, Moldova's economy did not experience significant changes since its last assessment and remains within the set parameters for the near future. At the same time, a slowdown in economic growth is forecast for 2014, due to restrictions on the import of Moldovan wine and more agricultural products imposed by Russia, and the situation in Ukraine.

The prime minister said the government would continue structural reforms to ensure macroeconomic stability and economic growth. Iurie Leanca said the government would focus on the enforcement of the Association Agreement’s provisions, in order to take full advantage of the opportunities opened by the Deep and Comprehensive Free Trade Area (DCFTA).

The sides tackled the measures to be taken, to reach the set objectives, and agreed to maintain a dialogue to this end.