An IMF team, led by Alina Iancu, conducted discussions over the past few weeks in Chișinău, Washington, and virtually, for the sixth reviews of Moldova’s programs under the ECF/EFF arrangements, and the second review under the RSF arrangement.

Discussions have concluded, and Ms. Iancu has issued the following statement: “The Moldovan authorities and the IMF team have reached staff-level agreement on policies to complete the sixth reviews of Moldova’s programs under the ECF/EFF and the second review under the RSF. The agreement is subject to approval by the IMF Management and Executive Board. Completing the reviews will make SDR 111.4 million (about US$148.3 million) available, bringing total disbursements under the ongoing programs to about US$810 million”.

According to Alina Iancu, Moldova's economy is recovering, the economic growth is projected at 2.6 percent in 2024 and 3 percent in 2025, the budget deficit will decrease from 5.2% in 2023 to 4.4% in 2024 and 4.0% in 2025.

Consideration of the reviews by the IMF Executive Board is planned for mid-December. The program is expected to include two more reviews and run until October 2025.

The full IMF press release can be accessed here: https://www.imf.org/en/News/Articles/2024/11/21/pr24431-moldova-imf-reach-sla-6th-rev-ecf-eff-arrangements-2nd-rev-rsfa