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IMF staff: Latest developments point to right direction for Moldova's economic recovery


https://www.ipn.md/en/imf-staff-latest-developments-point-to-right-direction-for-moldova-7966_1107704.html

The latest macroeconomic developments point to the right direction for Moldova’s economic recovery, said the International Monetary Fund mission led by Alina Iancu, which is visiting Chisinau during October 1-11. At a meeting with Prime Minister Dorin Recean, the Moldovan official stressed that the Government aims to revitalize the economy and ensure peace and security, IPN reports.

“We want to increase consumers’ and investors’ confidence in our economy, which has suffered in the current regional context,” stated Premier Recean.

The IMF experts appreciated the information provided by the authorities and ensured the international financial institution’s full support for the national economy and the continuation of reforms, runs the Government’s press release.

During the discussion, the interlocutors also referred to the justice sector reform. The Prime Minister said that this is the basis of all other reforms and requires a systemic approach. “It is essential that the system includes upright people and the institutions in the field are sustainable, independent, but not yet isolated,” said the official.

The discussions take place in the context of the sixth review under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements, and the second review under the Resilience and Sustainability Facility (RSF).