A mission of the International Monetary Fund (IMF) will be in Chisinau between June 19 and June 26, Minister of Finance Veaceslav Negruta has said. The mission will do a screening of the situation in different economic sectors and the economy in general and will formulate recommendations for returning to the reform implementation speed that was before the political crisis, said the official, quoted by IPN.
There will be presented the new head of the IMF Representative Office in Moldova as Nikolay Guerguiev is completing his duties.
Moldova now does not have a cooperation program with the IMF as the validity period of the previous program expired at the end of April. Moldova failed to receive the last tranche of US$76 million of the loan provided by the IMF to support this program because some of the commitments weren’t fulfilled.
The unfulfilled commitments concern especially the ensuring of transparency as regards the shareholders in the banking system. Also, ignoring the agreements reached with the IMF, the previous Government approved decisions to increase the salaries of some categories of budget-funded employees and state functionaries and the pensions lower than 1,300 lei several days before its dismissal.
