An IMF mission headed by Max Alier will visit Moldova on September 18 - October 1 to conduct the First Post-Program Monitoring (PPM) mission following the expiration of the combined Extended Credit Facility (ECF)/Extended Fund Facilities (EFF) supported program, IPN reports, quoting a press statement of the IMF Representative Office in Chisinau.
PPM is intended for all member countries that have substantial IMF credit outstanding following the expiration of their programs.
The enhanced monitoring is undertaken to ensure the continued viability of a country's economic framework and provide early warning of policies that could jeopardize the country's external viability. Should it become necessary, IMF staff will advise on policy actions to correct macroeconomic imbalances.
