OREANDA-NEWS. October 02, 2012. According to the pres release of the government of Moldova, these means are meant for replenishment of monetary reserves of the country. The decision to allocate the next tranche of the loan at an amount of 50 mln. SDR to Moldova was taken by the Council of IMF Directors in Washington as they approved results of the fifth review of Moldova’s performances in the framework of the program backed by IMF through the Extended Credit Facility and the Extended Fund Facility.

The funds will be available to Moldova immediately. As a result of the resolution, the sum of the backing IMF has assigned for Moldova in the framework of the three-year arrangement grew to 320 mln. SDR (close to USD 494 mln.).

The Three-Year Arrangement approved by IMF for Moldova on January, 29, 2010 provides backing at a total amount of 369.6 mln. of Special Drawing Rights (SDR) or USD 572.7 mln approximately. 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 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.