IMF to give Moldova 590 million dollars in the next three years, Communists say the IMF "is not an apolitical organization"

The International Monetary Fund has agreed to give Moldova a 590-million-dollar-loan in installments over the next three years, said Prime Minister Vlad Filat in a press conference on Wednesday.

Chisinau can also use the Special Drawing Rights alloted to it this year, which amount to 180 million U.S. dollars, in order to immediately complement the budget.

Mr. Filat noted that half of the 590 million will go to covering the budget deficit, while the other will be used for the country's currency reserves.

Former Economy Minister and current Communist M.P. Igor Dodon criticized the IMF's decision in a statement to BusinessExpert, accusing it of double standards.

„During our previous negotiations, we [the Party of Communists, which was in power at the time] were told that the IMF would sign an agreement with us only as long as the opposition at the time accepted it. This time, the IMF didn't even meet with the largest parliamentary party [the Communists, who are now in the opposition]. [...] So nobody believes the IMF is an apolitical organization anymore," Mr. Dodon stressed.

The IMF held negotiations with the previous Communist Government earlier this year, but decided to leave before negotiations were officially over after the Communists refused to accept certain IMF conditions.

h/t www.businessexpert.md