Moldova’s new PM hints at suspending cooperation with IMF

Moldova’s new PM hints at suspending cooperation with IMF
By Iulian Ernst in Bucharest November 27, 2019

Moldova could “take a break” in its collaboration with the International Monetary Fund (IMF), said Prime Minister Ion Chicu during the Fourth Power show broadcast by N4 TV station. According to Chicu, this could happen if the IMF “does not show flexibility.”

Notably, Chicu and President Igor Dodon announced last week $500mn of loans potentially extended by Russia for infrastructure works in Moldova.

The Moldovan prime minister mentioned that on March 20, 2020 the programme with the IMF expires and discussions will be held on a new programme.

"If the IMF will be flexible enough to accept our vision, we will continue the collaboration, if we do not see flexibility, we do not exclude the option of taking a break," said Chicu.

Chicu said that at present there are several conditionalities agreed by the the former government headed by Pavel Filip with the IMF.

"They insist we should fulfil them. Some of them are completely unacceptable,” Chicu said.

Dodon held a meeting with the head of the mission of the International Monetary Fund for Moldova, Ruben Atoyan, on November 26, telling the fund official that "the actions of the new government will be based on the national interests of the Republic of Moldova, the protection of the local economic agents and for the support of those vulnerable ".