Moldova Hunts Foreign Loans to Reboot Battered Economy

As the new government seeks Western loans to put its tanking economy in order, experts say it is vital that borrowed money is used for investment – not just to cover daily expenses.

The new government in Moldova led by Maia Sandu, which unites pro-Russian and pro-EU elements, plans to rebalance the finances and economy of one of the poorest countries in Europe with the help of Western loans.

Since it took office in Mid-June, the new cabinet has conducted active diplomacy with Western partners and with international financial institutions to try to solve key problems inherited from the last government led by the Democratic Party under Pavel Filip.

This found itself in a growing financial predicament.

Subscribe to Balkan Insight Premium to read the full article.

Please login to your account below if you are already a Premium Subscriber.

Buy Premium Subscription

Our Premium Service gives you full access to all content published on BalkanInsight.com, including analyses, investigations, comments, interviews and more. Choose your subscription today and get unparalleled in-depth coverage of the Southern and Eastern Europe.

Buy Premium Subscription

If you have trouble logging in or any other questions regarding you account, please contact us