IMF REPRESENTATIVE TO MOLDOVA SAYS CHISINAU LOST 2003 CHANCE
Published:
1 August 2003 y., Friday
The International Monetary Fund's (IMF) permanent representative to Moldova, Edgardo Ruggiero, said on 30 July that the IMF's board of governors at its meeting on 10 September will not discuss resuming lending to Moldova, meaning Chisinau has lost its chance of seeing IMF lending resumed this year, Infotag reported. Ruggiero said Moldova failed to meet the 21 July deadline for fulfilling conditions the IMF set to resume payment of a $147 million loan inked in December 2002.
The loan, which was frozen earlier this year, expires in December. The approval of a new loan, he said, would have to be negotiated. Ruggiero also said Moldova will not be able to apply this year to the Paris Club for a restructuring of its international debt because the application will not be considered without IMF consent.
Šaltinis:
RFE/RL Newsline
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »