The International Monetary Fund (IMF) concluded its latest review of Moldova on December 20 and immediately made available 22.2 million US dollars as part of the lender’s current three-year funding arrangement. The review was carried out under the terms of its Extended Credit Facility and Extended Fund Facility agreements, which total 183.1 million US dollars and which were approved in November 2016. Moldova has so far received 57.5 million US dollars as part of the deal.
“Important progress is being made in repairing the financial sector, including improving transparency in ownership and management, strengthening supervisory and regulatory frameworks, and carrying out …read more
Source: Emerging Europe