International Monetary Fund

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    Development Partner: International Monetary Fund

    Development/Implementing Agency

    International Monetary Fund (IMF) – provides macroeconomic and financial support to the Republic of Moldova through assistance programs and economic surveillance.

    Contact Details

    Resident Representative Office in the Republic of Moldova

    Address: 73/1 Ștefan cel Mare și Sfânt blvd., office 307, Chisinau, Republic of Moldova

    Tel: +373 22 233 232

    Email: RR-MDA@imf.org

    https://www.imf.org/en/countries/resrep/mda

    Legal Framework for Cooperation

    • The Republic of Moldova acceded to the IMF Articles of Agreement through Parliament Decision No. 1107/1992 and became a member on August 12, 1992.
    • On June 30, 1995, the Republic of Moldova accepted the obligations of Article VIII of the IMF Articles of Agreement regarding currency convertibility and the liberalization of current international payments.
    • Cooperation is carried out based on the IMF Articles of Agreement, financing arrangements, and regular consultations under Article IV of the IMF Articles of Agreement.

    Strategic Programming Documents

    • Regular IMF consultations with the Republic of Moldova under Article IV of the IMF Articles of Agreement;
    • The cooperation program between the Republic of Moldova and the IMF, supported through the Policy Coordination Instrument (PCI) 2026–2029;
    • Financing and reform program documents agreed between the Government of the Republic of Moldova and the IMF.

    Priority Sectors / Areas of Cooperation

    • Macroeconomic and financial stability
    • Fiscal and budgetary policies
    • Public debt management
    • Public financial governance
    • State-owned enterprise reform
    • Financial and banking sector strengthening
    • Rule of law and good economic governance
    • Climate change resilience
    • Energy sector reform and energy security
    • Institutional capacity development

    Type of Funds / Financial Instruments and Assistance Modalities

    Financial Assistance:

    • Compensatory and Contingency Financing Facility (CCFF);
    • Systemic Transformation Facility (STF), Stand-By Arrangement (SBA);
    • Extended Fund Facility (EFF);
    • Poverty Reduction and Growth Facility (PRGF, renamed since 2009 as the Extended Credit Facility - ECF);
    • Rapid Credit Facility (RCF);
    • Rapid Financing Instrument (RFI).

    Non-Financial Assistance:

    • Economic policy advice;
    • Technical assistance;
    • Institutional capacity building;
    • Monitoring and evaluation of reforms.

    Project Programming, Approval, and Implementation Procedures

    Programs are developed by IMF missions in close consultation with the Government of the Republic of Moldova.

    Special Conditions and Eligibility Criteria

    Cooperation between the Republic of Moldova and the International Monetary Fund takes place through a continuous dialogue between national authorities and IMF experts, aiming to support economic stability and promote structural reforms necessary for the country's development. Intervention areas and priorities are established by mutual agreement, depending on the economic and financial needs of the Republic of Moldova. Once objectives are agreed upon, the IMF provides financial and advisory support for their implementation, and progress is monitored periodically to evaluate results and adapt measures when necessary. Thus, cooperation is based on partnership, continuous monitoring, and support for the fulfillment of committed reforms.

    Additional Information

    • The IMF is one of the primary international partners of the Republic of Moldova in the field of macroeconomic stability and financial policies.
    • Cooperation with the IMF provides access to financial resources intended to support the economy during periods of crisis and economic uncertainty.
    • IMF programs often serve as a benchmark framework for other international financial institutions and development partners when providing assistance to the Republic of Moldova.
    • In addition to financial support, the IMF provides advice and technical expertise for the formulation and implementation of economic reforms.
    • Collaboration is focused on strengthening public finances, maintaining financial sector stability, and increasing the resilience of the national economy.
    • The IMF periodically monitors economic developments in the Republic of Moldova and formulates recommendations to support sustainable and inclusive economic growth.

    Regulatory Framework