Moldova says IMF approves $77 mln stand-by loan tranche

The disbursement of the loan tranche, equivalent to 50 million special drawing rights (SDR), comes in the wake of the successful completion of the fifth review of Moldova's performance under its 369.6 million SDR three-year funding deal with the IMF approved in January last year, the cabinet said in a statement.

Moldova has received 320 million SDR under the loan deal so far, it added.

The government said the IMF sees Moldovan economic growth accelerating in the second half of 2012 from the 0.8% growth rate in the first half of 2012, mainly due to investment in infrastructure projects and economic growth in the countries of the Commonwealth of Independent States, Moldova's main trading partners.

($=0.7771 euro)