The Minister of Energy, Victor Parlicov, had a meeting with the team of the International Monetary Fund (IMF), led by the new Mission Chief Alina Iancu.

The IMF staff welcomed the progress made by the Republic of Moldova in strengthening energy security, increasing energy resilience and diversifying energy supply sources.

The parties also addressed the possible scenarios that could occur after the expiry of the contract for natural gas transit through Ukraine, on January 1, 2025. The Minister emphasized that the scenarios were included in the Cold Season Action Plan and assured that the Republic Moldova was ready to guarantee the continuous supply of electricity and natural gas to end consumers.

At the same time, the IMF team reiterated the full support of the international financial institution for the economy of the Republic of Moldova, as well as the commitment to support the continued reform implementation.

The mission is led by Alina Iancu and is visiting Chisinau during October 1-11. The primary purpose of the mission is to take stock of the recent economic developments, assess the macroeconomic outlook and risks, and follow up on the implementation of program commitments.

Moldova’s 40-month ECF and EFF IMF program, approved on December 21, 2021, and augmented in May 2022, is supported by a loan of about US$805 million, of which about US$608 million (SDR 449.1 million) have been already disbursed.

In addition, a new arrangement under the RSF of about US$175 million was approved in December 2023, of which about US$44 million have already been disbursed.