An International Monetary Fund (IMF) mission led by Max Alier will visit Chisinau during September 25 – October 7, 2014 to conduct the second Post-Program Monitoring (PPM), 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. There are normally two post-program monitoring Board consultations during a twelve-month period.
Post-program monitoring remains in effect until outstanding credit falls below the threshold of 200 percent of quota. Nonetheless, the IMF’s Executive Board could agree to discontinue the monitoring - even before outstanding credit falls below the threshold - if strong policies are in place and the external position is sound.
