The plan of stabilization and economic recovery of the Republic of Moldova is targeted at 2 years, the cost of 12 billion lei. Discussion of the plan took place yesterday at the joint meeting of the Government and development partners in the wine-producing complex "Chateau Vartely" Orhei town. At a press conference, Prime Minister Vladimir Filat said that the Plan will depend on negotiations with the International Monetary Fund. "All provisions of the Plan's economic recovery will be released later. The conditions put forward by the IMF, also will be announced before the conclusion of a financing agreement to be signed on Oct. 26," - said Filatov.
World Bank regional director Martin Raiser said that foreign partners will support Moldova in identifying sources of financing and completion of the Crisis Plan. Reiser said that the plan should contain measures for stabilization and economic growth, supported by the private sector, protection of vulnerable populations, and all this should be conducted with reduced cost.
Finance Minister Vyacheslav Negruta noted that the priority actions will be focused on the identification of financial resources to cover the budget shortfall that could reach this year, 8.5 billion lei, the negotiation and signing of a memorandum with the IMF, the resumption of discussions with foreign donors on the "frozen" programs etc.
Vice-Premier, Minister of Economy Valeriu Lazar believes that "it is important now to stop the economic decline and ensure the growth of GDP in 2010 to 1%, and, according to an ambitious scenario - by 3-4%."