OREANDA-NEWS. September 18, 2013. As it is noted in the press announcement of IMF Resident Representative in the Republic of Moldova Armine Khachatryan, the mission will follow the expiration of the combined Extended Credit Facility (ECF)/Extended Fund Facilities (EFF) supported program. According to Armine Khachatryan, PPM is intended for all member countries that have substantial IMF credit outstanding following the expiration of their programs.

The enhanced monitoring is undertaken to ensure the continued viability of a country's economic framework and provide early warning of policies that could jeopardize the country's external viability. Should it become necessary, IMF staff will advise on policy actions to correct macroeconomic imbalances.

It should be noted that the 3-year IMF program with Moldova, approved on January 29, 2010 and expired at the end of April 2013, provided financial support in the total amount of about USD 574.4 million, USD 490 million of which were received by Moldova.

The last tranche was not allocated as Moldova has failed to fulfill part of its obligations and so it was impossible to complete the last review of the program.