IMF: Government of Moldova attains significant progress on the reform agenda in the financial sector

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Posted by: Mazur Rodica

News / Economic

15 Jan. 2020 / 16:52

IMF: Government of Moldova attains significant progress on the reform agenda in the financial sector

The Government of the Republic of Moldova is making significant progress on the agenda of reforms in the financial sector. This is the conclusion of a document of the International Monetary Fund (IMF), regarding the inflation and the request to restore access to credit, reports Mesager.

Experts believe that the commitment of Chicu Cabinet to improve the governance and fight against corruption is welcome and essential for boosting long-term economic growth. Progress for clearing structural deadlocks - reducing banking intermediation, promoting a business-friendly environment and transparency of energy policies - can boost revenue growth potential.

According to the IMF, monetary policy should continue to focus on maintaining price stability.

Also, the analysis of IMF experts shows that the recovery of assets stolen from bank fraud has been slow. According to them, at the end of March 2019, the total value of the assets and the seizure of the assets of the convicted persons was significantly below the value of the criminal cases under investigation: 3.1 billion lei compared to 8.7 billion lei.

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