“What we see in Moldova is that Moldova is coming out of this crisis next year, probably a bit earlier than the rest of Europe. As Moldova was also affected by inflation and the effects of inflation earlier than the rest of Europe, the central bank took policy action earlier than the central banks in the rest of Europe, in order to stop inflation and to tame inflation,” Alfred Kammer, Director of the European Department of the International Monetary Fund (IMF), stated at the end of his three-day visit to Moldova, IPN reports.

“And we see now headline inflation coming down in Moldova already. And we saw already that the National Bank of Moldova could ease its monetary policy stance because of the successful fight with inflation. Inflation is not over. We need to sustain that effort,” the Director of the European Department of the IMF said in an interview for the National Bank of Moldova (NBM).

Alfred Kammer also said that despite the faced crises, the pandemic and the energy security risks, Moldova has made substantial progress in the reform program that is supported by the IMF.

“We were focusing with the government on state-owned enterprise reform, importantly also on anti-corruption efforts, on the fiscal and financial governance. All of those were undertaken mostly in time and were implemented successfully,” stated the IMF official.

Alfred Kammer visited the Republic of Moldova as the Director of the European Department of the IMF for the first time. He had discussions with President Maia Sandu, Prime Minister Dorin Recean, NBM governor Octavian Armașu.