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LAW REPUBLIC OF MOLDOVA

of November 17, 2016 No. 251

About attraction of external state loan from the International Monetary Fund via the mechanism of expanded crediting (ECF)

The parliament adopts this organic law.

Art. 1. – Approve attraction of external state loan by the Government of the Republic of Moldova from the International Monetary Fund via the mechanism of expanded crediting (ECF) in the amount 43100000, 00 special drawing rights (DST) which will be used on financing of central government budget deficit.

Art. 2. – The amount of the external state loan granted by the International Monetary Fund via the mechanism of expanded crediting (ECF) will return 10 equal shares after five and a half years after each removal of loan from the account. The interest rate for this loan will constitute 0% till 2018.

Art. 3. – The government by means of the Ministry of Finance performs servicing of the granted loan.

Chairman of the parliament

Andrian Kandu

 

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