Moldova to Discuss New Agreement with IMF
OREANDA-NEWS. Moldova will discuss a new agreement with IMF after the parliamentary elections on April 5. This was announced by the Prime Minister Zinaida Greceanii.
It should be noted that the agreement would then be supervised by IMF and presented to the Executive Board of IMF Directors. It is expected that the transfer of the next tranche of US18 million will be approved in accordance with the plan. PRGF is the mechanism of preferential lending of IMF to the low-income countries.
Interest rate on loans under PRGF frames is 0.5% per year. Loans are granted for 10 years, with the deferment rate of 5.5 years. PRGF program with Moldova to provide a loan of US168 million, which has already allocated about US 133 million.




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