Pavel Filip: Budgetary - fiscal policy complies with IMF program commitments

The IMF program has allowed the Republic of Moldova to benefit from a period of economic and financial stability. Economic growth has returned after the previous crisis, medium-term economic growth forecasts are favorable between 3 and 5%, announced Prime Minister Pavel Filip in a press briefing.

According to Prime Minister Pavel Filip, the fiscal - budgetary policy is in line with the IMF program commitments, and the budget in 2017, rectified and 2018, rising allow for increased public investment and higher social spending.

During a press conference attended by the head of the International Monetary Fund expert team, Ben Kelmanson, the prime minister said that a program with the IMF would represent more than a financial support but a trust certificate for the Republic of Moldova.

"Today has become a remarkable day because it is exactly one year since we signed the program with the IMF in 2016. [...] The program has broadly fulfilled all the performance criteria for the period under review.

"Economic growth has recovered from the previous crisis, medium-term economic growth forecasts are favorable between 3 and 5% .The fiscal budgetary policy is in line with program commitments and 2017 rectified budgets and 2018 rising one allow for public investment and higher social expenses, "Prime Minister Pavel Filip said.

At the same time, the prime minister also announced that after the evaluation of the program, our country will benefit additionally from about 22 million euros.

PUBLIKA.MD reminds that a team of experts from the International Monetary Fund was in Moldova from 24 October to 7 November. The mission analyzed recent developments in the country's economy and the progress made in implementing the program.

At the same time, the macroeconomic perspectives were assessed during the visit.

The International Monetary Fund approved, with unanimous vote, the financing program for the Republic of Moldova in November 2016.

With this agreement, our country is expected to receive around 182 million dollars, of which 59 million have already been disbursed.

 

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