IMF approves US$77.5m disbursements for Moldova

The International Monetary Fund (IMF) on February 1 approved the disbursement of the next tranche of US$77.5 million of the assistance of over US$572 million promised to Moldova, Info-Prim Neo reports. According to a communiqué from the Government, the IMF’s Executive Board completed the fourth reviews of Moldova's economic performance under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements. The blended financing arrangements under the ECF and the EFF for an amount equivalent to SDR 369.6 million (about US$572.7 million) were approved on January 29, 2010. The completion of the fourth reviews makes an amount equivalent to SDR 50 million (about US$77.5 million) immediately available for the authorities. The IMF’s assistance program for Moldova will last for three years. In January 2010 – July 2011, there were disbursed four tranches of SDR 220 million.