IMF to resume funding Moldova before the end of 2000
• Posted Wednesday, 26 July, 2000
- 18:16 EST by
The International Monetary Fund is intending to resume the external financing of
Moldova in the frames of the new assistance program on poverty reduction and on
the attainment of stable economic growth before the end of the year 2000,
INTERLIC News agency reports.
As IMF Mission head and Advisor of the IMF Second European Department Richard
Haas declared at a press conference, the size of this assistance will depend, in
the first place, on the needs of the country and on the extent of the run-up of
a special program of IMF activities, which program includes 100 items and is
designed for 3 years. This document should be submitted by the end of September.
The IMF mission is expected to visit Chisinau in October again. The IMF
representative and the government officials will discuss all the problems,
relating to the proposed program and will commit it to the IMF and the WB Board
of Directors for approval. The sides are expected to sign an Agreement
Memorandum, which will allow the republic to receive the first tranche by the
end of 2000.
As Richard Haas underlined, the release in the IMF Financing will allow Moldova
to obtain financing from other sources – the World Bank, the members states of
the European Union and from the donor countries in the frames of bilateral
cooperation, INTERLIC News agency reports.