program will be revised to ensure larger financing
The IMF-supported program
will be revised in the light of the new economic context, to ensure the
necessary framework for the substantial increase in financing by
external partners, particularly as direct non-repayable budget support.
Prime Minister Gavrilita stated it as a press conference, in the context
of the IMF mission visit to Chisinau.
The goal of the IMF mission
led by Ruben Atoyan is to review the implementation of the economic
reform program supported by ECF/EFF arrangements, as well as to assess
additional financing needs in the light of the current macroeconomic
The war in Ukraine and the
economic sanctions imposed on the Russian Federation has complex
consequences on global economy – economic fragmentation and trade and
value chain disruptions, as well as high volatile energy and food
prices, said the Prime Minister.
‘However, the main
macroeconomic indicators in Moldova are sound and the budget has a
certain level of reserves and flexibility. Our responsible and correct
economic management in the last months allows us to request only a
program review rather than emergency financing,’ mentioned Natalia
The Prime Minister mentioned
that the Government would continue focusing on a number of critical
areas, tis first priority being to maintain the standards of living of
population. Natalia Gavrilita stated in this context that the Government
would come up with a pension indexation program in the coming week, to
be implemented from April 1. In parallel, the Government will continue
developing and implementing mechanisms for targeted assistance to
In conclusion, Natalia
Gavrilita expressed confidence in the fact that discussion with the
International Monetary Fund would mobilize the general framework for
additional financing by the EU and other international partners.
Discussions are held both by the President and the Government.
The visit of the IMF mission
will end on March 16, 2022.