OREANDA-NEWS. February 11, 2010. As the Minister of Finance Veaceslav Negruta has noted, after on January 29, 2010 the IMF Board of Directors approved a new economic program for Moldova, the government has access to expanded credit facilities in form of the external credits.

In the first phase Moldova will receive 95 million special drawing rights (equivalent to about US152 million). The credit funds will be used to support the economic program to restore the country's fiscal and external sustainability, preserve the financial stability, reduce poverty and achieve economic growth.

The loan will be granted by 10 equal tranches. The interest rate on the loan is 0.25% p.a. The level of interest rates will be reviewed by the IMF every two years.