A number of Moldovan and Romanian institutions, among which the Black Sea University Foundation, the Romanian Academic Society and a series of associations, foundations, platforms and media institutions, seek the creation of a specialized investment fund – Moldova Fund - as an instrument for expressing Romania’s support for fundamental and irreversible changes in Moldova, IPN reports.
The Moldova Fund will also serve as an instrument for reducing the discrepancy between the two banks of the Prut River. The appeal was addressed to the President of Romania Klaus Iohannis, the Senate’s Chairman Calin Popescu Tariceanu, President of the Chamber of Deputies Valeriu Zgonea and Prime Minister Dacian Ciolos.
“As most of the aid provided by Romania to Moldova disappeared in real black holes, we propose that the Fund Moldova, so as to eliminate any political interference and the risk of corruption, should have as members of the Administration Board both representatives of state institutions and of nongovernmental organizations specialized in good governance from both sides of the Prut, besides representatives of companies, business associations, etc. Both the contributors and the costs should be followed online in real time,” it is said in the appeal.
The initiators of the appeal propose that the Fund should be set up by the Romanian state, with an initial support from this, and should be then opened through initial and secondary public offers to retail and institutional investors so that most of the shares are privately owned and the Fund’s shares are traded from the first day on the Bucharest Stock Exchange, by respecting the corporate governance rules and ensuring full transparency in management. The sum invested by the Fund in Moldova should be sufficiently large for changing the development paradigm in this state. The investment should be administered exclusively by the Fund, which should be subject to an annual audit, while its conclusions must be obligatorily made public.
The appeal was signed by 28 signatories.
