Moldova has no chance to get external financing this year and the only thing it can do is to save the financial assistance that it can receive in 2016, ex-minister of finance Veaceslav Negruta said in the talk show “Moldova live” on the public TV channel Moldova 1, IPN reports.

“The lack of a program with the IMF and the absence of a Cabinet make the negotiations on the resumption of external financing impossible. The banking system is our biggest problem. The political statements concerning the nationalization of three banks only scared the foreign backers. The National Bank governor Dorin Dragutanu also made a mistake by saying that it is the ruling parties that should take a decision as to the liquidation or nationalization of Banca de Economii. He thus admitted to political interference in the work of the central bank, which has the status of independent institution,” said Negruta.

The former minister noted that getting external financing will be more difficult in 2016. “After the experience with Greece, the foreign financial organizations will be more prudent. The regional crisis will also affect their decision concerning financing for Moldova. Also, the interest rate could be higher,” stated Negruta.

According to Negruta, if the foreign financing is stopped, a gap of at least 5 billion lei will appear in the state budget. “Even so, if the public money is managed efficiently, Moldova can overcome the crisis. But changes need to be made to the budget. This is rather improbable when we do not have a Government to propose these changes, while Parliament, which must adopt them, intends to go on vacation,” said the ex-minister.