To secure the program with the IMF, the government of Moldova had to fulfill an unusually large number of upfront conditions, including to implement measures to increase bank shareholder transparency and strengthen the supervisory powers of the National Bank. Furthermore, energy tariffs for households have to be raised to cost recovery level and lending to state companies has to be made transparent. The German Economic Team Moldova (GET Moldova), which consults the executive in modeling the processes needed for economic reforms, took stock of the prior actions assumed by the government, IPN reports.

GET Moldova noted the government has agreed that all other banks will have to undergo the same process of identifying the real owners and auditing their loan books in order to uncover dodgy lending practices. Moreover, coverage of the Deposit Guarantee Fund will be increased to avoid that the government has to provide costly state guarantees or recapitalize banks as was the case during the recent bank fraud.

In November 2016, the IMF approved a new program for Moldova worth USD 175.7 m over a three-year period.

According to a press release of the IMF Mission to Moldova, an International Monetary Fund mission will visit Chisinau during February 14-28, 2017 to take stock of the recent economic developments.