​AEI-3 HAS NO PLAN FOR DEFROSTING IMF FINANCIAL ASSISTANCE – FORMER MP

The ruling Alliance for European Integration-3 (AEI-3) failed to prepare an action plan for defrosting the financial assistance from the International Monetary Fund (IMF) and the World Bank (WB), said ex-chairman of the parliamentary Standing Committee on Economy, Budget and Finance Veaceslav Ionita.

During Tuesday’s presentation of the Independent Analytical Center Expert-Grup report “The danger of external financial aid to Moldova freezing and priority policies”, he said that Moldova should present proposals on solving problems in the banking sector, as well as Government’s guarantees.

“People should clearly understand that the IMF representatives’ visit will not solve the problem at once. The ruling power should propose solutions before IMF arrival. We have many problems for which the authorities do not have ways for resolving”, the expert said.

Program Director of the Expert-Grup, ex-minister of finance and author of the research Veaceslav Negruta said that relations with IMF, EU, WB and other partners have not been frozen.

“These relations are quite active, it is only the financing of certain projects for 2015 state budget support that was suspended. As for the IMF, its mission cannot come earlier than in September due to several technical moments. However, Moldova should already have an action plan and agreed reforms by that time”, he said.

According to Nerguta, for addressing banking sector problems, these should be clearly formulated and submitted to the National Bank of Moldova (NBM) together with partners of the IMF and WB, participating in this field.

“These partners have already compiled several variants and it remains only to decide upon the future of the three banks under special administration and the other three banks, which are under the special supervision. The NBM should tell about the existing risks and how these can be solved so that we knew that solutions are not political, but are based on the professionalism and financial-economic approach”, he said.