Moldova & IMF IMF Activities Publications Press Releases

Limba romana                                                                         Russian

Johan Mathisen
Resident Representative in the Republic of Moldova


Friday, May 5, 2006

IMF’s Executive Board Approves US$118.2 million PGRF Agreement with Moldova

Johan Mathisen, 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.

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