OREANDA-NEWS  On 17 February was announced, that the IMF is ready to provide assistance together with international donors to Moldova for it to overcome world financial crisis consequences. This statement was made by the IMF European Department Mission’s Head Graeme Justice at the meeting with Moldovan Prime Minister Zinaida Greceanii. The parties discussed development of the macroeconomic situation in Moldova and Moldovan authorities’ policy as to the reduction of the world economic crisis’s impact on it. Zinaida Greceanii said the Government was undertaking concrete budget and tax measures to keep internal economic stability together with the National Bank that closely watches changes in the bank sector.

The IMF representatives marked the Government’s efforts aimed at keeping economic stability in Moldova. It was reported earlier, that the Fund planned to allocate the following installment of the credit in the amount of about USD 18 mln to Moldova within the framework of the Poverty Reduction and Growth Facility (PRGF). The PRGF is the is the IMF's low-interest lending facility for low-income countries. PRGF-supported programs are underpinned by comprehensive country-owned poverty reduction strategies. PRGF credits are provided at 0.5 percent p.a. and 10-year maturity date and the grace period of 5.5 years for the major amount of the credit. The amount of agreement of the PRGF with Moldova totals about USD 168 mln with USD 133 mln of them have been provided by now.