The World Bank has examined the draft law on Capital Liberalization and Fiscal Stimulation, which is also called the tax amnesty law, and identified a number of integrity risks, IPN reports.

“International experience suggests that a thorough implementation of the asset declarations required by the Integrity Package enacted earlier this year can be an effective tool for combatting corruption. In reviewing the new draft law, however, we observed a number of integrity risks, which we communicated to the Government on December 15, 2016,” the World Bank says in a statement.

“We also indicated that the future of the Integrity Package would be an element in the determination of future World Bank budget support for Moldova. We are in dialogue with the authorities and believe that the new legislation will not be approved without significant revision. The World Bank acknowledges the legitimate concerns of civil society and will continue to support Moldova’s integrity reforms for the benefit of ordinary Moldovans.”

It should be noted that Speaker of Parliament Andrian Candu earlier announced that the law will not be passed in the final reading until the International Monetary Fund, the World Bank and European institutions state their views on it.