The Executive Board of the International Momentary Fund on March 11 will come together for a meeting where it is to approve a decision on the “successful completion” of the program with the Republic of Moldova and the last tranche of the program of 2016-2020, including with the financial component of about US$20 million. The Moldovan authorities announced that all the laws covered by the new memorandum with the IMF were adopted in the final reading, IPN reports.

After the ordinary Monday meeting of the senior state officials, Prime Minister Ion Chicu said that all the laws stipulated in the new memorandum with the IMF were passed. “The Republic of Moldova fulfilled the so-called preventive conditions agreed in the negotiations with the IMF mission that visited the Republic of Moldova almost a month ago. All the conditions were met. You see that there is no condition concerning the rise in taxes, salary cuts or other actions that would run counter to Moldova’s interests,” stated the official.

Premier Chicu noted that a number of the bills were approved by the Government and are to be examined by the legislature. Among these is the bill that allows directing a part of the National Bank of Moldova’s profit to the state budget. He said that this bill was discussed with the representatives of the IMF and they consented to allocating 50% of the central bank’s profit to the Government so as to reduce the financial burden generated by the servicing of the state guarantees issued following the bank fraud of 2014.