Limba romana                                                                                                      Russian

December 22, 2016

Armine Khachatryan
IMF Resident Representative in the Republic of Moldova

PRESS LINE

The principles of the draft law on capital liberalization appear counter to the objectives of the authorities' economic reform program supported by the IMF. In particular, the law, in its current form, weakens anti-corruption measures and will impede the fight against money laundering and fraud. We will continue our dialogue with the authorities on how best to reconcile this legislation with the stated objectives of the program.

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Our experience shows that successful tax amnesties are very hard to design, and we prefer to explore the scope for improving tax administration as a tool for bringing about greater taxpayer compliance and a fight against informality.