MOLDOVA

The International Monetary Fund has greenlit the disbursement of 27 million USD to the Republic of Moldova, hailing progress reported by Chișinău in the field of fiscal governance and the fight against corruption. Total IMF aid to Moldova currently stands at 242 million USD. This is part of a broader assistance package worth 800 million USD, which Chișinău can access over the course of 40 months, provided it fulfills certain milestones agreed upon with the IMF. According to the IMF, the fallout from the war in Ukraine continues to affect the prospects of neighboring Moldova. The international lender has recommended Moldovan authorities to maintain a proper mix of policies, in line with inflation pressure and budget limitations. We recall that in June, Moldova was awarded EU candidate status.