Posted by: mulrickillion | November 3, 2011

Press Release: IMF Reaches Staff-Level Agreement with Moldova on Fourth Reviews of Extended Credit Facility/Extended Fund Facility Arrangements

Press Release No. 11/390
November 2, 2011

An International Monetary Fund (IMF) mission for the fourth reviews under the Extended Credit Facility/Extended Fund Facility (ECF/EFF) arrangements with Moldova led by Nikolay Gueorguiev visited Chişinău during October 19–November 2. At the conclusion of the visit, Mr. Gueorguiev made the following statement:

“The mission and the Moldovan authorities have reached a staff-level agreement on the completion of the fourth reviews under the ECF/EFF arrangements. The agreement is subject to approval by IMF Management and the Executive Board. Board consideration is expected in early 2012. Completion of the review will enable Moldova to draw SDR50 million (about US$77 million) in support of its external reserve position. . . .

Press Release: IMF Reaches Staff-Level Agreement with Moldova on Fourth Reviews of Extended Credit Facility/Extended Fund Facility Arrangements

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