Finance Minister Andrian Havrylica explained after the cabinet meeting on December 23: “We are just starting the discussion. At the preliminary stage, during the visit of the IMF Mission, there was no discussion of the agreement. But we agreed to consider options. Most likely, it will be an agreement without financing or with the possibility of receiving it. This is a mechanism that is becoming more and more popular, especially in the Balkans, in most countries that have non-financed agreements with the IMF.”
He also noted that there are three types of agreements that a state can have with the IMF: related to current financing; providing access to financing; which approves certain reforms and does not imply any financial conditions. At this stage, in the case of Moldova, it is the third way.
And Prime Minister Alexandru Munteanu has previously stated that the IMF is essentially playing the role of “certification” for the other donors, and that Moldova is not in a situation where it needs to seek emergency assistance.
“We don’t need the International Monetary Fund because the IMF comes in situations of emergency and macroeconomic crises. In fact, it is the precursor of all other programs with which bilateral and multilateral donors come. For example, the World Bank or bilateral donors who put conditions. …The IMF is responsible for the macroeconomic part, but it is a kind of certification, an analysis of the overall macroeconomic condition of the country. In our case, the IMF said: “You, I think, will figure it out on your own…”,” Munteanu said on a TV program.
As it has been reported, the IMF mission headed by Alina Iancu held a series of meetings within consultations with Moldova from December 4 to December 17, 2025 and conducted a thorough diagnosis of the country’s economic situation. Based on the preliminary findings, the Fund’s experts will prepare a report, which, subject to its approval by the IMF management, will be submitted to the IMF Executive Board for discussion and approval. In general, according to the preliminary results, the IMF found positive trends, but emphasized the need for structural reforms.
