World Bank Statement on Capital Liberalization and Fiscal Stimulation Law in Moldova

The World Bank has been asked frequently this week for its views on the draft law on Capital Liberalization and Fiscal Stimulation. International experience suggests that a thorough implementation of the asset declarations required by the Integrity Package enacted earlier this year can be an effective tool for combatting corruption. In reviewing the new draft law, however, we observed a number of integrity risks, which we communicated to the Government on December 15th, 2016.