Sunday 23 September 2007

Moldova: Suspension of remittances to dramatically affect Moldova: WB Expert

Suspending the remittances will dramatically affect the internal consumption in Moldova and the poverty level will be increasing, WB Expert Willen van Eeghen said on Tuesday to the press.

Moldova is among the first states with the greatest GDP weight of the remittances with 30%, and they cover 50% of the incomes from exports and is continually increasing, according to the report Migration and Remittances in the States of the Eastern Europe and ex-Soviet Union, elaborated by the World Bank. [Read more]

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