Moldova has just run out of cash


Supporters of Moldova's Socialist party march towards the US Embassy during an anti-government protest in Chisinau, Moldova, 23 February 2016.

Moldova has just run out of cash

The government of Moldova is running out of cash and has limited payments to public sector salaries, pensions, and utility bills. All other expenditures ranging from repairs to purchase of goods and services is suspended.

The new government is hoping to resume an IMF program suspended last year amidst political instability. At the moment, a much anticipated €150 million from Romania has been suspended, as well as all EU funding.

The IMF was visiting Moldova recently to update its data in t...

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