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Republic of Moldova reaches provisional IMF loan deal worth $564mln


The Republic of Moldova has reached a provisional loan agreement with the International Monetary Fund (IMF) worth about $564mln over 40 months, according to RFE/RL.

The Prime Minister of the Republic of Moldova, Natalia Gavrilita said on Thursday that the first tranche of $81mln could be received from the Washington-based lender by the end of 2021 once IMF management and its board of directors meet in December.

„Europe’s poorest country is recovering from the fallout of the Coronavirus pandemic, with economic growth forecast at 4.5% in 2021,” said the IMF.

„The new wave of the COVID-19 infection threatens the outlook, as does the slow recovery in the Republic of Moldova’s key trading partners, rising energy prices and potential political instability,” added the IMF.