Source Pravda.Ru

Moldavia managed to avoid default

Moldavian prime-minister Vasile Tarlev described the information regarding transfer to the national bank of the republic of the first USD 12.5 million tranche of the credit provided by the International Monetary Fund as the significant event important for "every real patriot of the state." The International Monetary Fund and the World Bank suspended financing of the republic in connection with the communists' victory in the February 2001 elections despite the stated readiness of the new authorities to continue the cooperation initiated by their predecessors.

During the present year the threat of default became more than real for Moldavia: it had to return to creditors USD 200 million which equalled 75 % of the revenue part of the budget.

According to the statement made to journalists by the head of the Moldavian cabinet of ministers, "the present event was a positive signal to commence negotiations with the Paris Club to restructure or to write off part of our indebtedness. And the most important thing is that Moldavia managed to avoid default."

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
Unveiled: Secret Pentagon UFO program. From science fiction to science fact
Russian Guard to see enemies behind walls
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Russia to spend trillions to upgrade its army and navy before 2027
Bloomberg makes gloomy forecast of brightless future for Russia
Trump's national security strategy sheds no light into the dark tunnel of US-Russian relationship
Should Russian athletes go to non-Olympic Games in South Korea?
Aliens invade US-Russian relationship
Trump's national security strategy sheds no light into the dark tunnel of US-Russian relationship
Surviving Gaddafi to run for president of Libya
Russia starts transforming Syria
Russia starts transforming Syria
Russia starts transforming Syria
Russia starts transforming Syria
Russian athletes announce their decision about 2018 Winter Olympic Games
Russia starts transforming Syria
Russia starts transforming Syria
Bloomberg makes gloomy forecast of brightless future for Russia
Bloomberg makes gloomy forecast of brightless future for Russia
Bloomberg makes gloomy forecast of brightless future for Russia