OREANDA-NEWS. February 01, 2013. This was stated by Premier Vladimir Filat, who directed official in charge to get ready for this visit. During its last assessment visit to Moldova the mission of IMF discussed the 6th review of the Program backed by IMF with Moldova’s authorities.

Following the visit, Moldova and IMF arranged to prolong the term of the current program, which expired at the end of 2012, for 3 months. According to Nikolay Gueorguiev, the three months will be used by the government of Moldova to implement some measures which have not been stipulated but have not been realized yet. Due to technical reasons authorities of Moldova requested for several months to amend policies necessary to achieve goals of the Program.

In general, the program is on track despite some delays, Nikolay Gueorguiev said. Next time the IMF Mission was said to visit Moldova at the beginning of 2013 to evaluate the progress and proceed with the talks. Completion of the 6th review will enable Moldova to receive the last tranche of \\$76 mln. meant to maintain monetary its reserves.

The Board of Directors of IMF is expected to assess the sixth review of the Program and adopt the resolution for allotting Moldova the last tranche till the end of April, 2013. The Three-Year Arrangement approved by IMF for Moldova on January, 29, 2010 provided backing at a total amount of 369,6 mln. of Special Drawing Rights (SDR) of which SDR 320 mln. or close to USD490 mln. have been allocated to Moldova. 50% of the loan is allotted under the Extended Credit Facility which provides the zero rate interest rate till the end of 2013, the 5.5 –year - long grace period and the 10-year-long maturity.

The rest of the sum is extended under the Extended Fund Facility which stipulates the interest rate equal to the basis rate of SDR, the 4.5 -year -long grace period and the 10-year-long maturity.