Veaceslav Ioniță: Our country this year obtained lowest volume of foreign grants in its history

For the first time in the history of the Republic of Moldova, our country obtained the lowest volume of foreign grants against the Gross Domestic Product. Moreover, such data weren’t reported even in 2003, when the then President Vladimir Voronin self-isolated the country, economic expert Veaceslav Ioniță stated in the talk show “Emphasis on Today” on TVR Moldova channel, IPN reports.

According to the expert, the blame for the delay in signing a new agreement between the Republic of Moldova and the International Monetary Fund is borne by the Government led by Ion Chicu.

“As the Government didn’t want or didn’t have the capacity to adopt all the commitments undertaken before the IMF in a reasonable timeframe, the foreign assistance will come by at least one month later. They impatiently expected the Government to ensure the convocation of Parliament and the adoption of laws. The IMF was ready to discuss the subject of the Republic of Moldova in September, but the Republic of Moldova wasn’t ready,” stated Veaceslav Ioniță.

According to the expert, the key assistance to Moldova during the pandemic came namely from the IMF, when this provided 234 million lei to the Government.

“The International Monetary Fund shows unprecedented openness to all the countries, including the Republic of Moldova. What saved us until now was the money from the IMF.”

Veaceaslav Ioniță noted that the IMF has shown interest in the Republic of Moldova, but the next steps should have been taken by the Government.

“The speed of our relations with the International Monetary Fund depends not on the Fund, but on the Government’s capacity and wish to cooperate. The IMF expected the Parliament of the Republic of Moldova to have an extraordinary session at end-August so that it could discuss the subject of the Republic of Moldova at its September meeting. For reasons that we cannot know, the extraordinary session of Parliament didn’t take place. Indeed, the meeting of the IMF was held and what is to be voted could be discussed at the International Monetary Fund’s meeting of October.”

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