IMF completed first evaluation of Republic of Moldova program

The IMF Executive Board has completed the first stage in the analysis of the extended credit mechanism and the extensive financing mechanism of the Republic of Moldova which has in view the issue of 21.5 million dollars, according to a press release of the institution.

Monetary policy concentrates on establishing the price and on a flexible exchange rate regime, shows an IMF press release.

On November 7, 2016, IMF approved the program with Moldova for 178.7 million dollars. The completion of evaluation will allow the issue of an instalment of 21.5 million dollars to Moldova.

IMF estimate that the country’s economy will grow by 4.5% in 2017,more than the increase provided previously.

The institution showed that evaluations of the two big banks were being completed, making progress in bank governing and shareholder transparency.

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