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Moldova is set to receive about US$588 million from the International Monetary Fund, after the lender approved a new economic program under the combined three-year Extended Credit Facility/Stand-by Arrangements.
The IMF said in a statement on Wednesday that the country could also use its SDR allocation of about US$186 million, to cover its immediate budget financing needs.
"The main objectives of the program are to support macroeconomic stabilization, economic recovery and increased social spending to protect the poor on the basis of a framework of economic and financial policies for 2010-12", the IMF pointed out.
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