The executive director of the Association for Participatory Democracy (ADEPT) Igor Botan considers the relations with the International Monetary Fund will be restored and the three components of the Alliance for European Integration (AEI) are ready to pay any price for signing an agreement with the IMF. In an interview for Radio Free Europe, Igor Botan said liquidating the three banks is one of the conditions imposed by the IMF and the three parties that formed the AEI are obliged to fulfill it so as to survive as informal political body that rules Moldova, IPN reports.
“We all know that the budget deficit is to be covered with grants that come from the development partners. Elementary calculations show it is about 3 billion lei that must come into the budget. And this besides the fact that the Government will be obliged to resort to the sequestration of the investment costs from the budget. So, it is a measure that derives from the ‘theft of the century’ and those who govern Moldova simply do not have another solution. The solution is not the best, but this is the survival chance of this alliance,” stated Igor Botan.
The analyst noted that everyone knows how decisions are taken in Moldova – the National Bank, the Government and other surveillance institutions are subordinated politically and the council or the meeting of the AEI leaders is the main, informal, decision-making body in this state. If the central bank’s governor and the Prime Minister say that the liquidation process started, this means that the three leaders reached a consensus and this is a common decision of the ruling parties.
Igor Botan also said that the IMF and the World Bank want Moldova’s banking system to recover and simply see no other solution than the liquidation of the three problematic banks. During the past ten years, Moldova made all kinds of changes to the legislation concerning the functioning of the banking system, allowing non-transparent ownership. These banks must be liquidated and the liquidation process will definitely be followed by trials as the shareholders that will be somehow wronged will reveal their relations with the Moldovan political class.
