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250 million dollars - such sum will list the International Currency Fund in 2010. The budgeted deficit and currency reserves - here will go first 30 million dollars which should arrive today. Executive council of the International currency fund has confir
2010/02/03

250 million dollars - such sum will list the International Currency Fund in 2010. The budgeted deficit and currency reserves - here will go first 30 million dollars which should arrive today. Executive council of the International currency fund has confirmed the new agreement with Moldova, providing allocation to it approximately 574 million dollars. These means are intended for maintenance of the economic program of the government, which purpose - restoration of financial and external stability, preservation of financial stability, reduction of poverty and increase of rates of economic growth. According to the agreement Moldova will not pay percent on this credit. The first payments to Moldova should be made in 5,5 years.

Galina Shelar, the chief executive of the Center of strategic researches and reforms: - the First tranche will be used nonconventional, for IMF credits, image. It will direct on a budgeted deficit covering.

The subsequent tranches will be used for replenishment of reserves of National bank. In the second case Fund money should provide stability to our bank system. Certainly, this blessing for the country. And as to the first tranche, all depends on what expenses will become covered at his expense. Important, how much effectively we will operate the state budget. If it is effective and rational, also the first tranche in the blessing. If it is inefficient, no value, who and as gave out the credit any more has. We leave to our successors additional problems.

Alexander Muravski, the expert-economist:

- Any money for the country is the blessing, but all depends on conditions and ways of their use. The credit of IMF is necessary to our country. On the one hand, Fund money solves a problem of budgetary deficiency, with another - the agreement from IMF opens to Moldova doors before other donors. In this respect the IMF credit - the blessing.

However, there are also negative sides. For performance of conditions of IMF the government has too hasty started to twist nuts. That there is, for example, an increase of tariffs. In my opinion, to begin with it was necessary to develop system of indemnifications (for socially vulnerable categories of the population - a comment .) and to introduce it before or, as a last resort, in parallel with increase of tariffs and the prices. It turns out, that the prices and tariffs grow, and the system of indemnifications, probably, will take root only since March.

Other negative factor - political underlying reason of the agreement. The government declares that the credit - a compulsory measure, as the country in ruins. So we cannot already get out 20 years of a vicious circle! Each new power declares: Our predecessors - swine. They have left to us the destroyed and plundered country. When already the power will have people who will tell: Yes, it is necessary us hardly, but we speak thanks to our predecessors, we correct their errors and we go further? In my opinion, unique who so has made, - the new governor of Natsbank Dorin Dregutsanu. Did not sling mud at the predecessor, and undertook the business.

Judge for yourself, the former government honesty worked for the country blessing. Yes, as any government, at it had errors, but it did not destroy the country of what him accuse. Moldova, in comparison with other countries, has least felt economic crisis consequences. If to judge on the size of a public debt, Estonia, Lithuania, Iceland, Greece - bankrupts. Their state debt above gross national product volume in 1,5-2 times! And in general, I consider, that it has not put the government to give estimations to the predecessors. Government business to work, and estimations experts, the press and, finally, let give the people the voting.

Jury Muntjanu, the deputy of parliament RM, the economist:

- All depends on on what conditions the credit is taken. And these conditions will not cause delight in our citizens. The part of credit money will be directed to the state budget and spent for consumption, instead of on the investment purposes. That is the credit is not aimed at the future. At the same time IMF money is given under condition of realisation of reforms which will lead to deterioration of well-being of citizens of Moldova.

Igor Dodon, the Doctor of Economics, the deputy of parliament RM:

- First, additional means are necessary to Moldova. Our country requires financing. But there are very essential two moments: by what price of money and on what they will be used. I consider, that the price which was paid by the Moldavian society, is too great. It both increase in tariffs, and a rise in prices, and "freezing" of payments of salaries, and devaluation of national currency. I think, the government in this case could carry on negotiations much better. I can explain, why. Those who supported Alliance creation for the European integration, and all of us we understand, by whom it has been supported, could make concessions, if the government was more basic. And then we would not have a devaluation , increases of tariffs etc. Secondly, for what purposes this money will be used? Unfortunately, the part of credit money will go on consumption. Our position ( - a comment .) : If we receive certain loans, they need to be invested in investment projects, with advantage for the country. Because it will be necessary to return loans, and with percent.


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