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LAW OF THE REPUBLIC OF MOLDOVA

of November 17, 2016 No. 250

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

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 financing (EFF) in the amount 31400000, 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 financing (EFF) will return 12 equal shares after four and a half years after each removal of loan from the account. The interest rate for this loan will constitute the main interest rate for special drawing rights (DST).

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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