The Executive Board of the International Monetary Fund approved the allocation of an urgency loan to the Republic of Moldova in the amount of about US$235 million, Prime Minister Ion Chicu announced by a posting on Facebook, IPN reports.

“Together with the loan provided by the Russian Federation, the loan of the IMF will enable to finance over half of this year’s budget deficit,” said Premier Chicu.

He noted the authorities are waiting for the EU to decide on the allocation of macro-financial assistance for Moldova. In this regard, I today signed a letter addressed to the European Commission. A friend in need is a friend indeed!” Premier Chicu posted on Facebook.