An International Monetary Fund (IMF) mission led by Mr. Max Alier will visit Chisinau during April 22 – 30, 2014 to conduct the discussions on the 2014 Article IV consultation and Post-Program Monitoring (PPM), IPN reports
According to a press release of the IMF Representative Office in Moldova, consultations under Article IV of the IMF Articles of Agreement represent a regular surveillance exercise to which all member countries commit when joining the IMF.
The program with the IMF expired last spring. The first IMF mission that visited Moldova this January could not reach a final agreement on the signing of a new cooperation program with the authorities.
Moldova lost the last tranche of about US$76 million of the US$574. provided by the IMF in assistance for implementing the three-year-old program owing to the salary and pension raises approved by the Government and particular interventions in the fiscal policy agreed with the IMF.
