The bills on the attraction of the external state loan from the International Monetary Fund via the Rapid Credit Facility (RCF) and the Rapid Financing Instrument (RFI) were approved by the Government, IPN reports.

Minister of Finance Sergey Pușcuța, Deputy Prime Minister, said the loan consists of a disbursement under the RCF equivalent to SDR 57.5 million (about US$78.4 million) and a purchase under the RFI equivalent to SDR 115 million (about US$156.7 million).

The interest rate on the component of about US$156.7 million is 1.5%. The repayment period is one year and nine months, with a grace period of three years and three months. Furthermore, Moldova will pay a one-off fee of 0.5% of the sum, which is US$780,000.

The interest rate on the second component, of about US$156.7 million, will be 0%, with a repayment holiday of five years and six months.