Moldova asks IMF for new cooperation program, without financing - IMF representativ

Moldova's government has asked the International Monetary Fund for a new cooperation program without financing, Svetlana Cerovic, head of the IMF Permanent Mission in Chisinau, told reporters.

"The government has already asked the Fund to consider preparing and concluding such a program without financing. The Fund has already started internal processes in connection with this request," infotag.md quoted her as saying.

"The Moldovan authorities view such a program as the IMF's trust in politicians and the reforms they are implementing. The program will increase confidence in the country, which is important for ensuring growth and attracting foreign investment into the economy," she said.

A three-year program was requested. The program in question is a Policy Coordination Instrument PCI, which will help the country develop and implement structural reforms, ensure macroeconomic stability, prevent crises and attract financial assistance from other sources. "Programs without financing have the same requirements regarding policy measures and reforms as those with financing," Cerovic said.

Moldovan Prime Minister Alexandru Munteanu said in February that the IMF would consider negotiations on a new cooperation program with Chisinau at the end of that month.

In mid-January, Moldovan Finance Minister Adrian Gavrilita said that the country's authorities would send a request to the IMF to begin negotiations on a new program. Several possible cooperation formats are being discussed. "Having a [IMF] program is important for the country, but not necessarily for borrowing funds. Last year, as well as this year, by and large, there are enough funds for investment. Borrowing money for current expenditures in the long term would be wrong," Gavrilita said.

In October 2025, the IMF terminated the 40-month ECF/EFF program in Moldova; the final tranche of the program amounting to $170 million was not provided to Chisinau due to delays in fulfilling the financial and governance commitments stipulated by the agreement.

The IMF is Moldova's largest creditor, with Chisinau's total debt to the Fund amounting to $1.35 billion.