(Adds repeal of Russian propaganda law)
CHISINAU, Dec 16 (Reuters) - Moldova’s parliament voted to repeal legislation on Wednesday that had allowed the finance ministry to issue bonds worth 13.5 billion Moldovan lei ($790 million) to prop up the financial system in 2016 after a massive banking scandal was uncovered.
The law was originally passed as a condition for IMF loans in 2016, and its repeal was criticised by a former prime minister as weakening the country’s creditworthiness.
Separately parliament also voted to scrap an IMF-backed move to raise the pension age for women from 57 to 63 years, and for men from 62 to 63 years.
Moldova's parliament voted to repeal legislation on Wednesday that had allowed the finance ministry to issue bonds worth 13.5 billion Moldovan lei ($790 million) to prop up the financial system in 2016 after a massive banking scandal was uncovered.
UPDATE 2-Moldovan parliament repeals law on 2016 bank rescue despite IMF concerns reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Moldovan parliament repeals law on 2016 bank rescue despite IMF concerns Moldova s parliament voted to repeal legislation on Wednesday that had allowed the finance ministry to issue bonds worth 13.5 billion Moldovan lei ($790 million) to prop up the financial system in 2016 after a massive banking scandal was uncovered.Reuters | Chișinău | Updated: 16-12-2020 21:23 IST | Created: 16-12-2020 21:22 IST
Representative image Image Credit: ANI
Moldova s parliament voted to repeal legislation on Wednesday that had allowed the finance ministry to issue bonds worth 13.5 billion Moldovan lei ($790 million) to prop up the financial system in 2016 after a massive banking scandal was uncovered. The law was originally passed as a condition for IMF loans in 2016, and its repeal was criticised by a former prime minister as weakening the country s creditworthiness.
(Adds repeal of Russian propaganda law)
CHISINAU, Dec 16 (Reuters) - Moldova’s parliament voted to repeal legislation on Wednesday that had allowed the finance ministry to issue bonds worth 13.5 billion Moldovan lei ($790 million) to prop up the financial system in 2016 after a massive banking scandal was uncovered.
The law was originally passed as a condition for IMF loans in 2016, and its repeal was criticised by a former prime minister as weakening the country’s creditworthiness.
Separately parliament also voted to scrap an IMF-backed move to raise the pension age for women from 57 to 63 years, and for men from 62 to 63 years.