The IMF Board of Directors will discuss the report of the mission following consultations under Article IV of the IMF Charter. These consultations took place in Chisinau from December 4 to 17, 2025. The detailed report of the mission on the state of the Moldovan economy will be officially published at the end of February.
Prime Minister Alexandru Munteanu reiterated that the government expects the discussions on a new agreement to be officially launched after this meeting. According to him, it will be a program with new goals, adapted to the government’s current priorities.
Munteanu said that the government counts on “good news from Washington” and on the fund’s willingness to support the country’s macro-financial stability within the framework of the new memorandum. The Moldovan authorities have already prepared and plan to send a formal request to start new negotiations, considering different formats of financial support.
Why Moldova did not receive funding
The previous cooperation program with the IMF (2021-2025) ended in October 2025 with mixed results. Despite relative progress, Moldova did not receive the final part of the financing because it failed to fulfill most of the conditions. The IMF blocked two $170 million (2.9 billion lei) disbursements. Among the reasons cited were delays in implementing some structural reforms and changes in the government’s budget priorities.
Within this program (ECF/EFF and RSF mechanisms) Moldova managed to receive about $810 million of the initially planned funds. The authorities’ reaction to the disruption of the program was different at that time. Representatives of the parliament and the government stated that there would be no need for IMF assistance in the future: there are alternative sources of external financing and the absence of the latest tranches from the IMF does not pose a critical threat to the country’s financial stability.
