The International Monetary Fund finances Moldova. Loan amount 590 million dollars. According to Prime Minister Vladimir Filat, the agreement will be signed early next year. Money given for 3 years and would cover the budget deficit. Terms of the IMF - increasing the size of the excise tax on gasoline, tobacco, alcoholic beverages, cosmetics, automobiles luxury at 4-20%. Zero tax rate on reinvested earnings will be abolished from 2012 and replaced by a flat tax for all sectors, which amount to 10%. The Prime Minister also said that from 2010 will be gradually eliminated some benefits for certain categories of pensioners (former public servant, judges). Pension annual limit will increase by 6 months, will be reduced in 2010, 4000 civil servants. These are just some of the requirements of the IMF.
The head of the expert group of the IMF Nikolay Georgiev said that the provision of financial assistance will contribute to stabilization and reconstruction of the Moldovan economy. Future government policies in Moldova should include reducing the budget deficit to 7% in 2010, control of inflation and other measures.
Head of the mission noted that currently operates in Moldova functional government, and that regardless of the political situation in the country of the agreement shall remain in force. In the future, the Moldovan Government to begin negotiations to obtain new financing with foreign partners, including with Russia and China. With regard to the dynamics of major macroeconomic indicators, in 2010, GDP should grow by 1.5%, and in 2012 - at 5%.