One year of IMF Agreement: what were the achievements in 2022 and what should we expect in 2023?
One year of IMF Agreement: what were the achievements in 2022 and what should we expect in 2023?

Author(s): Ecaterina Rusu
Subject(s): Economic policy, Government/Political systems, Corruption - Transparency - Anti-Corruption
Published by: EXPERT-GRUP Centrul Analitic Independent
Keywords: IMF Agreement; budget support; Republic of Moldova; International Monetary Fund;
Summary/Abstract: At the beginning of January this year, the IMF announced the release of the next tranche of budget support to the Republic of Moldova, the total disbursements under the Agreement reaching about USD 275 million. The IMF's financial support played a vital role in responding to the crises of 2022 and that continues to persist this year too. The budget support received from the IMF, as well as the financial resources it has catalysed from other donors and external lenders, has allowed prompt intervention on the social protection dimension to mitigate the severity of the crises and their impact on vulnerable groups. The purpose of this commentary is to analyse how IMF financing is being used, the progress made in fulfilling the commitments under the Agreement, and the opportunities it offers for strengthening the social protection function.

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