March 31, 2022
IMF Resident Representative in the Republic of Moldova
An International Monetary Fund (IMF) staff team led by Mr. Ruben
conduct discussions with the Moldovan
authorities during April 4-8,
discuss the potential
augmentation and rephasing of the ECF-EFF
program to support the authorities’
efforts to secure resources for the pressing financing needs due to the multiple
crises in Moldova.
Moldova’s 40-month IMF program, approved on December 21, 2022, is supported by a
loan of about US$558.3 million (SDR 400.0 million), of which US$79.8 million (SDR
57.2 million) have been already disbursed. Financing under the ECF carries a
zero-interest rate with a grace period of 5˝ years, and a final maturity of 10
years, and financing under EFF carries an annual interest rate equal to the SDR
basic rate and is repayable over 10 years with a 4˝ -year grace period.