Moldova does not have a viable alternative to IMF, expert

Moldova does not have a viable alternative to the International Monetary Fund (IMF) even if it receives a loan from Romania, lawyer Roger Gladei, who specialized in financial and banking law, said in the talk show “Pahomi” on Realitatea TV channel, IPN reports.

“Greece also tried to turn its back to the IMF during over two years. They expected their Russian friends to give them money to build ships and ports. But the hope deflated like a balloon and ultimately the same Tsipras Government returned to the negotiating table with the IMF,” stated the lawyer.

He considers that Moldova must accept and comply with the conditions imposed by the IMF. “We must obey the rules of the game. The problem is that we want to play and win in the major league, but based on the rules of the minor league. Moldova behaves like a bad student who either turns off the light or damages the blackboard because he didn’t do his homework,” stated the jurist.

Roger Gladei noted that Chisinau does not have chances to sign a new memorandum with the IMF now. “Most probably, those from the IMF are on a monitoring mission in our country. The chances for a new financing agreement to be signed now are almost inexistent. The Government of Moldova didn’t do its homework. They promised reforms and accepted conditions, but didn’t do much. The promise to bring the situation in the financial-banking sector in order wasn’t  fulfilled either. On the contrary, the situation there worsened,” he said.

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