IMF staff back Moldovan central bank response to crisis

dorin-dragutanu
Governor Dorin Dragutanu

An International Monetary Fund (IMF) staff report has backed many efforts by Moldova's central bank in its efforts to deal with the crisis caused by banking fraud. Up to $1bn, approximately 12% of Moldova's GDP, was lost in the fraud, leading to political and economic instability in the ex-Soviet republic.

Around $1bn "disappeared" from deposits in three of the country's largest banks after being unlawfully transferred to foreign accounts in November 2014, according to a report commissioned by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: