The Government of the Republic of Moldova continues to make effort to improve the state of affairs in the areas of country development and to implement the program with the International Monetary Fund, Prime Minister Pavel Filip assured the IMF team of experts led by Ruben Atoyan in a meeting. The team started its working visit in Moldova, IPN reports.
According to the Government’s press service, Pavel Filip said the agreement with the IMF is very important for the executive. In 2016, when the Republic of Moldova faced a banking crisis, the program with the IMF was one of the main instruments that helped Moldova remedy the situation in this sector. “The commitments assumed before the IMF helped us persuade the political class and we would like to maintain these relationship with the Fund,” stated the Premier.
According to him, in the course of 2018 the macroeconomic and budgetary indicators saw an upward trend. The Gross Domestic Product in the first quarter grew by 3.7%, while the budget revenues rose by 12.5%. The Government continues to promote structural and sector reforms. In the recent past it promoted packages of laws concerning the banking sector. These contain amendments to the 2018 state budget law and the budgetary-fiscal policy and a set of amendments to the legislation on the energy sector. This way the implementation of the provisions of the program with the IMF was ensured.
IMF mission head Ruben Atoyan said the International Monetary Fund is a partner of the Government and they came here to help. In the immediate period, the team of experts will assess the macroeconomic situation in Moldova, the budgetary-fiscal and monetary policies, the provisions of the 2019 state budget and the progress made in the banking sector.
The IMF mission will be Chișinău during September 13-20. This is a working mission rather than a formal program review.
