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Interview with Hassan Al-Atrash taken by Moldpres News Agency

IMF BOARD OF DIRECTORS MIGHT PROBABLY TAKE A POSITIVE 
DECISION ON RESUMPTION OF CREDITING FOR MOLDOVA

Chisinau, Dec 12 /Moldpres/ - The Board of Directors of the
International Monetary Fund might probably take, on December 15,
this year, a positive decision on the resumption of Moldova's
crediting, accepting a new collaboration memorandum with the
Moldovan Government, said the IMF resident representative in
Moldova Hassan Al-Atrash.

Hassan Al-Atrash underlined that in the event of a
favorable decision, the Republic of Moldova will benefit from a
funding within the Poverty Reduction Mechanism. Moldova will
receive about USD 150 million, in quarter tranches by USD 12-13
million. The credit is to be lent for a ten-year term under
concessional conditions - the interest rate of 0.5 per cent and
period of grace of 5.5 years.

If the decision on December 15 is positive, the first USD 12
million will be transferred in the account of the National Bank of
Moldova within a few days since this date. The second tranche
could be disbursed late in January, 2001, the IMF representative
said.

According to IMF official, Moldova fulfilled the preliminary
measures by which the IMF made conditional upon the resumption of
funding. The law on the privatization of wineries and tobacco
companies, the 2001 budget and budget of social insurance for
next year, law on the customs tariff had been endorsed; the
procedure of failure or reorganization for 24 companies with high
debts in budget was initiated.

Hassan Al-Atrash dubbed as positive the financial policy and
economic and structural reforms promoted this year by Moldova. In
his opinion, these will favor the economic growth of the country
and attraction of foreign investors.

The IMF suspended the funding of Moldova in April 2000,
because the Parliament had not adopted the individual drafts
of privatization of wineries and tobacco companies.


Interviu cu Hassan Al-Atrash solicitat de Agentia de Stiri Moldpres

CONSILIUL DIRECTOR AL FMI VA LUA, PROBABIL, 
O DECIZIE POZITIVA IN CEEA CE PRIVESTE RELUAREA 
CREDITARII REPUBLICII MOLDOVA


Chisinau, 12 dec. /MOLDPRES/. Consiliul Director al Fondului
Monetar International va lua, probabil, in sedinta din 15
decembrie curent, o decizie pozitiva privind reluarea
creditarii catre Republica Moldova, acceptand un nou
memorandum de colaborare cu Guvernul de la Chisinau, a
declarat intr-un interviu acordat agentiei MOLDPRES
Reprezentantul permanent al FMI in Moldova, Hassan Al-Atrach.

DL Hassan Al-Atrash a mentionat ca in cazul unei decizii
favorabile, Republica Moldova va beneficia de creditare in
cadrul Mecanismului de reducere a saraciei, urmand sa
primeasca in decurs de trei ani circa 150 mln de dolari SUA,
in transe trimestriale a cate 12-13 mln de dolari. Creditul va
fi acordat pe un termen de zece ani, in conditii concesionale
- rata dobanzii de 0,5 la suta si perioada de gratie de 5,5 ani.

Daca decizia de la 15 decembrie va fi pozitiva, primele 12 mln
de dolari vor fi transferate pe contul Bancii Nationale a
Moldovei in decurs de cateva zile de la aceasta data. Cea de-a
doua transa ar putea fi alocata la finele lunii ianuarie 2001,
a spus reprezentantul FMI.

Potrivit sursei citate, Republica Moldova a indeplinit
masurile prealabile prin care FMI a conditionat reluarea
finantarii. A fost adoptata legea privind privatizarea
intreprinderilor din industria vinului si a tutunului,
bugetul-2001 si bugetul asigurarilor sociale pentru anul
viitor, legea cu privire la tariful vamal; a fost initiata
procedura de faliment sau de reorganizare pentru 24 de
intreprinderi cu datorii mari la buget.

Hassan Al-Atrach a apreciat pozitiv politicile financiare si
reformele economice si structurale promovate anul curent de
Moldova. In opinia sursei citate, acestea vor favoriza
cresterea economica a tarii si atragerea investitiilor
externe, dar cu conditia mentinerii cursului reformelor si a
stabilitatii politice.

Fondul Monetar International a suspendat creditarea Republicii
Moldova in aprilie 2000, in legatura cu neadoptarea de catre
Parlament a proiectelor individuale de privatizare a unor
intreprinderi din industria vinului si a tutunului, noteaza
MOLDPRES.