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Development partner | International Monetary Fund |
Development/ Implementation agency | International Monetary Fund |
Contact details | IMF Office Moldova
Government House
1 Piata Marii Adunari Nationale, Room 123,
Chisinau, MD-2033, Moldova
Phone: +373-22-233232
Fax: +373-22-232767
E-mail: mail@imf.md
Local website: http://www.imf.md
Central website: http://www.imf.org
E-mail: mdacontact@imf.org |
Legal framework for cooperation | Moldova joined the IMF on August 12, 1992. Moldova accepted the obligations of Article VIII of the IMF Articles of Agreement on June 30, 1995. |
Strategic documents for programming | Letter of Intent, Supplementary Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, 31 Aug.2012;
2011 Progress Report on the Moldovan PRSP |
Priority sectors/ Areas of cooperation | • Poverty reduction
• MDGs
• Ensure macroeconomic stability
• Strengthening capacities of public administration |
Types of funds / financial instruments and assistance modalities | Loan (Extended Credit Facility, Extended Fund Facility)
Technical Assistance |
Procedures for programming, approval and implementation of projects | Programmes are prepared by IMF missions to the country in consultation with the GOM. |
Special conditions for submission of project proposals and project acceptability criteria | Letter of Intent, Supplementary Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding |
Other information | Moldova’s quota in the IMF amounts to SDR 123.2 million (about USD 191 million) or 0.05 percent of total quota. Moldova’s voting power in the IMF is 1,973 votes or 0.08 percent of total.
Moldova’s three-year IMF programme, approved on January 29, 2010, is supported by a loan of SDR 369.6 million, of which SDR 320 million (about USD 490 million) have been already disbursed. One half of the loan is provided under the Extended Credit Facility, which carries a zero interest rate through 2013, a grace period of 5½ years, and a 10-year maturity. The rest of the loan is provided under the Extended Fund Facility, which carries an annual interest rate equal to the SDR basic rate of charge (currently 1.15 percent), and is repayable over 10 years with a 4½ -year grace period. |
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