Washington, DC – May 24, 2024: An IMF team, led by Clara
Mira, conducted discussions over the past few weeks, including in
Washington, in Chișinău, and virtually for the fifth reviews of Moldova’s
programs under the ECF/EFF arrangements, and the first review under the RSF
arrangement. Discussions have concluded and Ms. Mira has issued the
following statement:
“The Moldovan authorities and the IMF team have reached staff-level
agreement on policies to complete the fifth reviews of Moldova’s programs
under the ECF/EFF, and first review under the RSF. The agreement is subject
to approval by the IMF’s Management and Executive Board. Completing the
reviews will make SDR 133 million (about $175.2 million) available, bringing
total disbursements under the ongoing programs to about $636.5 million.
“Program performance under the ECF/EFF has been broadly on track, though
with some delays in implementation of structural reforms. Reform measures
under the RSF are also on track for this review. An extension of the
timeline for delayed reforms (on the adoption of the law on the
establishment of an Anti-Corruption adjudication infrastructure, including
a credible selection process for anti-corruption judges, and measures
related to central bank independence) has been agreed, along with several
proposed new structural benchmarks, including in the areas of governance,
independence, transparency and accountability of the National Bank;
strengthening the independence of the Anti-Corruption Prosecution Office in
the hiring of its staff; strengthening and modernizing tax audits; and
presenting the fiscal accounts in line with the Government Finance
Statistics Manual 2014 (GFSM2014).
“Consideration of the reviews by the IMF Executive Board is planned for
late June. “
