1/11/2014 4:08
RIA Novosti

Ex-Soviet States

Moldova to get $570 million in IMF loans

Over $93 million will be immediately available
05:23 30/01/2010

The International Monetary Fund (IMF) will provide Moldova with loans worth a total of $570 million to help one of Europe's poorest states in post-crisis recovery.

The IMF Executive Board approved on Friday two three-year loans "to support the country's economic program aimed at restoring fiscal and external sustainability, preserving financial stability, reducing poverty, and raising growth," the IMF said in a press release.

Over $93 million will be immediately available, with the remainder available in installments subject to semiannual reviews.

Last week the board of directors of the U.S. Government's Millennium Challenge Corporation (MCC) and Moldovan Prime Minister Vladimir Filat finalized a deal on $262-million non-repayable financial aid.

During his visit to Russia a month ago, Moldovan Vice-Premier and Economy Minister Valery Lazer said his country would also seek to develop economic cooperation with Russia.

He asked the Russian authorities to provide Moldova with a $500 million loan for investment programs requested by the country's former pro-Russian leader, Vladimir Voronin.

 

MOSCOW, January 30 (RIA Novosti)

  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

Preview:

RIA NovostiOver $93 million will be immediately availableMoldova to get $570 million in IMF loans

05:23 30/01/2010 The International Monetary Fund (IMF) will provide Moldova with loans worth a total of $570 million to help one of Europe's poorest states in post-crisis recovery.>>

Send by e-mail

All fields are required!




Leave a comment

    Рейтинг@Mail.ru
    © 2014  RIA Novosti
    Some material may be inappropriate for those under 18