{"id":267355,"date":"2013-08-13T12:06:59","date_gmt":"2013-08-13T12:06:59","guid":{"rendered":"http:\/\/new.moldova.org\/2013\/08\/13\/moldova-likely-to-have-a-new-financing-program-with-the-imf-by-end-of-the-year-238318-eng\/"},"modified":"2013-08-13T12:06:59","modified_gmt":"2013-08-13T12:06:59","slug":"moldova-likely-to-have-a-new-financing-program-with-the-imf-by-end-of-the-year-238318-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/moldova-likely-to-have-a-new-financing-program-with-the-imf-by-end-of-the-year-238318-eng\/","title":{"rendered":"Moldova likely to have a new financing program with the IMF by end of the year"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

Moldova is likely to negotiate a new financing program with the International Monetary Fund (IMF) during the upcoming autumn. The statement was made by Moldovan Minister of Finance, Veaceslav Negruta in an interview with Tribuna.md<\/a>.<\/p>\n

“I am sure that Moldova will sign a new Program that will be proposed, negotiated and approved by the end of 2013,” Mr. Negruta said.<\/p>\n

Executive Director of the IMF, Menno Snel announced in Chisinau last month that his organization is ready to initiate the negotiations for a new funding from the IMF.<\/p>\n

Veaceslav Negruta pointed out in the same interview that Moldova succeeded to successfully implement the program of 2009-2013. According to the Minister, the IMF financial assistance helped to enhance the economic ties of Moldova with its partners since the fall of 2009.<\/p>\n

“It also served as a platform for the $2.6 billion envelope approved in 2010 in Brussels for a four-year term, which allowed for further economic growth, construction of infrastructure and ensured the political support for the reforms started in 2009,” Veaceslav Negruta said.<\/p>\n

He stressed that Moldova can proudly say that the current IMF grant was “one of the few programs with a beginning and finality in Moldova.”<\/p>\n

Despite these efforts to tackle the issues of Moldova’s weak economy, the Minister admits that there are still a lot of problems that need to be tackled. He mentions the restructuration of the national economy that should secure a sustainable growth.<\/p>\n

“I should reiterate my strong belief that Moldova needs to sign a new Program with IMF not just because of the financial component for the next three years, but rather for the credibility of the policies that all our multilateral and bilateral development partners, including from the EU, expect to see. They all want to see the started reforms continue,” Moldovan Finance Minister said.  <\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>Moldova is likely to negotiate a new financing program with the International Monetary Fund (IMF) during the upcoming autumn. The statement was made by Moldovan Minister of Finance, Veaceslav Negruta in an interview with Tribuna.md.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-267355","post","type-post","status-publish","format-standard","hentry","category-economy"],"content_social_share":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

Moldova is likely to negotiate a new financing program with the International Monetary Fund (IMF) during the upcoming autumn. The statement was made by Moldovan Minister of Finance, Veaceslav Negruta in an interview with Tribuna.md<\/a>.<\/p>\n

“I am sure that Moldova will sign a new Program that will be proposed, negotiated and approved by the end of 2013,” Mr. Negruta said.<\/p>\n

Executive Director of the IMF, Menno Snel announced in Chisinau last month that his organization is ready to initiate the negotiations for a new funding from the IMF.<\/p>\n

Veaceslav Negruta pointed out in the same interview that Moldova succeeded to successfully implement the program of 2009-2013. According to the Minister, the IMF financial assistance helped to enhance the economic ties of Moldova with its partners since the fall of 2009.<\/p>\n

“It also served as a platform for the $2.6 billion envelope approved in 2010 in Brussels for a four-year term, which allowed for further economic growth, construction of infrastructure and ensured the political support for the reforms started in 2009,” Veaceslav Negruta said.<\/p>\n

He stressed that Moldova can proudly say that the current IMF grant was “one of the few programs with a beginning and finality in Moldova.”<\/p>\n

Despite these efforts to tackle the issues of Moldova’s weak economy, the Minister admits that there are still a lot of problems that need to be tackled. He mentions the restructuration of the national economy that should secure a sustainable growth.<\/p>\n

“I should reiterate my strong belief that Moldova needs to sign a new Program with IMF not just because of the financial component for the next three years, but rather for the credibility of the policies that all our multilateral and bilateral development partners, including from the EU, expect to see. They all want to see the started reforms continue,” Moldovan Finance Minister said.  <\/p>\n

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