Ruben Atoyan, mission chief of the International Monetary Fund (IMF) for Moldova, will visit Chisinau during March 9-16, 2022. He will lead in-person and remote discussions between the authorities and IMF Headquarters in Washington D.C, IPN reports.

According to a press statement of the IMF Resident Representative in the Republic of Moldova Rodgers Chawani, the purpose of the staff visit is to assess implications from the Russia-Ukraine conflict and support Moldovan authorities in their crisis response and contingency planning efforts.

Moldova’s 40-month IMF program, approved on December 21, 2022, is supported by a loan of about US$558.3 million (SDR 400.0 million), of which US$79.8 million (SDR 57.2 million) have been already disbursed. Financing under the ECF carries a zero-interest rate with a grace period of 5½ years, and a final maturity of 10 years, and financing under EFF carries an annual interest rate equal to the SDR basic rate of charge (currently 1.2 percent) and is repayable over 10 years with a 4½ -year grace period.