Re-establishing relations with IMF sets conditions for an “economic leap” for Moldova

Re-launching the relationships with the international financial organizations creates conditions for the Republic of Moldova to make “an economic leap” that would ensure a continuous development, states the economic analyst Veaceslav Ionita. According to the expert, in order to achieve an economic leap, the state must change its policy from a „social” budget to an „investment” one. According to the same source, the opportunity to create an investment budget results from the re-launching of the relations with the international financial organizations and the possibility to obtain foreign loans will allow the state to perform a coherent investment policy and to identify the investment areas. Attracting the loans from the World Bank and the International Monetary Fund will make the development of public investments possible, which must impulse on their turn the private investments. At the initial stage, the Republic of Moldova needs 10 billion lei as direct investments, states Ionita. He thinks that the “consumption period” characteristic for the national economy of the past 3-4 years is ending and the savings of the population could be as well redirected to investments. Veaceslav Ionita also declared that in order to succeed in attracting investments of any type, the state must create a favorable investment background: to reform and to strengthen the financial system, to create investment instruments and also to create favorable conditions for the activity of the foreign banks etc. Also, the expert affirms that besides investments the state needs two to attract new technologies and equipments and to stimulate the investors to come with their own commodity market.