Resident Representative in the Republic of Moldova
Friday, May 5, 2006
Board Approves US$118.2 million PGRF Agreement with Moldova
Resident Representative of the International Monetary Fund to Moldova made the
following statement on May 5, 2006:
“The Executive Board of the International Monetary Fund (IMF) today approved the new three-year arrangement under the Poverty Reduction and Growth
Facility (PRGF) for an amount equivalent to
SDR 80.08 million (about US$118.2 million) for Moldova. The approval of the
arrangement enables Moldova to draw the equivalent of SDR 11.44 million (about
US$16.9 million) immediately.”
The PRGF is the IMF's concessional facility for low income countries. PRGF loans
carry an annual interest rate of 0.5 percent, and are repayable over 10 years
with a 5.5-year grace period on principal payments.
information is available at
www.imf.md and by telephone: (+373-22) 233232.