An International Monetary Fund (IMF) mission led by Ivanna Vladkova-Hollar visited Chisinau during May 23–27. The IMF experts and the Moldovan authorities made progress in developing a common view on key problems, such as the need to strengthen governance, IPN reports, quoting a press statement of the IMF Office in Moldova.

“Discussions focused on the authorities’ strategy for financial sector reforms and ensuring the long-term safety and soundness of Moldova’s banks. Progress was made in developing a common view on key problems, such as the need to strengthen governance and tackle non-transparent shareholder structures in the banks, but some issues remain outstanding,” said Ivanna Vladkova-Hollar.

According to the Government’s press service, Prime Minister Pavel Filip met with the team of IMF experts at the end of their visit. “Our project is for the people of the Republic of Moldova to live better and we are determined to achieve this goal. The signing of an agreement with the IMF is part of this project,” said the Premier. He noted that will, vision and capacities are needed to achieve the set objectives and all these components exist.

Further discussions on these issues will be held in the context of negotiations for a Fund-supported program, on an upcoming mission. The timing of such a mission is yet to be set.