Romania’s prime minister offered Moldova a loan of 60 million euros ($65 million) on Tuesday to prevent economic collapse in the impoverished ex-Soviet republic — if certain conditions are met. To get the money, Prime Minister Dacian Ciolos said Moldova will have to reform its justice system, fight corruption, sign a draft agreement for a loan from the International Monetary Fund and appoint a new central bank governor.
The offer comes as Moldova, Europe’s poorest nation, is on the verge of economic collapse following the disappearance of more than $1 billion from three Moldovan banks, one eighth of the entire GDP …read more
Source: Loop News Jamaica
