The most recent loan tranche provided by the International Monetary Fund to Moldova is a reasonable and accessible instrument for the country. Furthermore, the loan cannot be given to unstable countries, said experts invited to the talk show “Issue of the day” produced by Canal 2 channel, IPN reports.

Director of the Resource Center for Human Rights Sergiu Ostaf said the IMF loan is a reasonable and accessible instrument. There are two very clear and important aspects in this regard. First of all, the National Bank of Moldova maintains the stability of the Moldovan leu with these financial resources. The reforms done in the financial-banking sector are the second aspect. “This loan agreement is one of the most successful ones for the Republic of Moldova and has benefits that can impact each citizen of the country,” stated Sergiu Ostaf.

Political commentator Andrei Andrievschi said the IMF does not cooperate with unstable regimes and with the states where there is no stability as this is not a charity organization and this does not donate money and does not invest it in countries that later cannot pay the money back. The IMF scrupulously examines all aspects before providing the loan. “Furthermore, the Fund cannot be influenced by emotional statements or requests, no matter who makes these,” noted Andrei Andrievschi, adding the IMF’s press release says Moldova met all the conditions set earlier.

On June 29, the Executive Board of the IMF completed the Third Reviews under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) Arrangements for the Republic of Moldova and approved the request for modification of performance criteria. Completion of the review makes available SDR 24 million (about US$33.8 million). The ECF/EFF arrangements in a total amount of SDR 129.4 million (about US$178.7 million, or 75 percent of the Republic of Moldova’s quota) were approved on November 7, 2016.