The authorities expect that a mission of the International Monetary Fund will come to Moldova during the first ten days of September. Until then the executive is to take a number of actions at internal level, first of all in the financial-banking sector, where the IMF asks for prompt solutions, Prime Minister Valeriu Strelet said after a field meeting of the Cabinet on August 3, IPN reports.
“The Committee for Financial Stability will be convened on Wednesday to discuss a number of important problems, a part of which will be made public,” said the Prime Minister, adding that the Committee will also analyze the information provided by the National Bank and will formulate recommendations.
Valeriu Strelet noted that the executive was entrusted with the task of dealing with the three banks that could be liquidated as this process involves a series of preliminary actions such as the transfer of accounts and of the pension and social benefit payment duties, the reemployment of personnel, etc. Depending on the answers that will be received following the made instructions, they will take decisions on Wednesday, August 5.
The liquidation of Banca de Economii, Banca Sociala and Unibank is recommended by experts and the development partners as a solution for overcoming the crisis in the banking system.
