IMF to provide Moldova with financial assistance through Resilience and Sustainability Facility

14:34 | 05.06.2024 Category: Economic

Chisinau, 5 June /MOLDPRES/ - The International Monetary Fund (IMF) will provide Moldova with financial assistance through the Resilience and Sustainability Facility (RSF). The parliament’s commission for economy, budget and finances will propose that the parliament approves a draft law on the attraction of a foreign loan on behalf of IMF.

The value of the loan is of 129,375 special drawing rights, which is equivalent to 160 million dollars. The money will be used for financing the state budget needs. The loan will be provided to Moldova for a repayment period of 20 years. To receive the financial assistance, Moldova is to implement 12 reform measures, in order to diminish the effects triggered by the climate changes.

The programme of the Resilience and Sustainability Facility will back Moldova’s efforts to enhance the resistance to the climate shocks, to implement reforms in the energy sector and ensure the mobilization of a sustainable financing.

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