The Moldovan authorities by the end of October are to take a set of measures to ensure the preparation of the memorandum agreement with the International Monetary Fund (IMF) and its signing until the end of autumn. In a press briefing, Prime Minister Valeriu Strelet said the measures recommended by the IMF mission that visited Chisinau refer to the energy sector, namely the prospects of completing the audit and the implementation of the real tariffs, in parallel with social insurance measures for the deprived groups of people, IPN reports.

Other measures refer to the banking sector, in particular the process of liquidating the three banks that, according to the Premier, goes according to plan, and the investigation of the bank frauds. Among other recommendations are to thoroughly examine the situation in the financial system, the macroeconomic policies and structural reforms in this sector, and to adopt legislation that would ensure the regulator’s independence. A condition of the IMF is to name the new administration of the National Bank of Moldova.

The Government’s press service said that in a meeting to discuss the results of the visit of the IMF mission led by Ivanna Vladkova-Hollar, the Premier asked that a new mission should come to Moldova at the start of November to negotiate and sign a memorandum of cooperation. The IMF representatives confirmed their readiness to return to Moldova if the country makes progress in particular areas. The IMF mission visited Chisinau between September 22 and October 6.