The International Monetary Fund will increase financial support to Moldova to help it withstand the additional pressure created by the arrival of more than 270,000 refugees from Ukraine, an IMF spokesman said on Friday.
Speaking at a joint news conference with the Moldovan prime minister, the head of the IMF mission in Moldova, Ruben Atoyan, said talks on the level of support were ongoing with the government.
The funds will be added to the $ 590.6 million bailout package approved by the Moldova Fund in December, when it disbursed a first tranche of about $ 84 million to support reforms in one of Europe’s poorest countries.
Since then, more than 270,300 people have crossed into Moldova to escape Russia’s invasion of Ukraine. About 105,000 of those refugees remain, according to government figures Thursday.
The war also accelerated Moldova’s plan to join the European Union. One week after Russia’s invasion of Ukraine on February 24, Moldovan President Maia Santo signed a formal application to join the bloc.
Source: Capital
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