IMF, Moldova discuss new cooperation mechanism without financing
CHISINAU. March 17 (Interfax) - The International Monetary Fund (IMF) and Moldova are discussing a new format of cooperation under the Policy Coordination Instrument (PCI), the Moldovan government's press service said following a meeting between Moldovan Prime Minister Alexandru Munteanu and IMF Executive Director Marnix van Rij in Chisinau.
"The executive directors and the IMF leadership supported the start of discussions on a new cooperation program in the form of the Policy Coordination Instrument. Deepening the dialogue with the IMF will contribute to strengthening reforms and increasing economic resilience, and will support our country's European course," the press service said.
The IMF Executive Board positively assessed the implementation of ambitious structural reforms and the maintenance of prudent macroeconomic policies on Moldova's path to EU accession, the press service said. "Marnix van Rij emphasized the importance of coordinating efforts and assistance from all of Moldova's partners to ensure the most effective impact of external support, expressing readiness for constructive dialogue with the authorities of our country," it said.
IMF Resident Representative in Moldova, Svetlana Cerovic, previously said that the fund had received a request from the Moldovan government to implement a new three-year cooperation program without a financial component.
The PCI aims to help the country develop and implement structural reforms, ensure macroeconomic stability, prevent crises and attract financial assistance from other sources.
In October 2025, the IMF prematurely completed the implementation of the 40-month ECF/EFF program in Moldova. The final tranche under it, amounting to $170 million, was not provided due to delays in fulfilling the financial and governance commitments stipulated by the agreement.
The Policy Coordination Instrument is a non-financial instrument of the International Monetary Fund that helps countries carry out economic reforms and achieve macroeconomic stability. It does not provide for financing, as in the case of traditional IMF credit programs, but includes regular monitoring and recommendations from the fund.
The IMF is Moldova's largest creditor, with Chisinau's total debt to the fund amounting to $1.35 billion.
