OREANDA-NEWS. May 02, 2012. According to the IMF Permanent Mission in Moldova, during the visit members of the mission will hold discussion with authorities of Moldova in the context of consultations in line with regulations of Article 4 of the IMF Agreement and the fifth review of the Moldova’s performance backed by IMF under the Extended Credit Facility and the Extended Fund Facility agreements.

The mission will analyze recent economic performances, upgrade the information and appraise macro economic outlooks as well as discuss macro economic policies to be implemented. Results of the mission are to be reviewed by Nikolay Gueorguiev at a press-conference. The three-year long program approved by IMF for Moldova on January, 29, 2010 provides backing at a total amount of 369,6 mln. of Special Drawing Rights (SDR) of which 270 mln. SDR, that is about USD415 mln., have already been transferred.

50% of the loan is allotted under the Extended Credit Facility which providesthe zero rate interest rate till the end of 2013, the 5,5 -year long grace period and the 10-year long maturity. The rest sum is extended under the Extended Fund Facility which stipulates the interest rate equal to the basis rate of SDR, that is 1,15% p.a. at present, the 4,5 -year long grace period and the 10-year long maturity.