DISINFO: National Bank of Moldova is fully controlled by international financial institutions

DISINFORMATION CASE DETAILS

  • Outlet: newsmd.md ( archive, original )
  • Date of publication: April 19, 2021
  • Article language(s): Russian
  • Countries / regions discussed: Moldova

Tags:

IMF

DISINFO: National Bank of Moldova is fully controlled by international financial institutions

SUMMARY

Recent events have clearly indicated to us that the National Bank of Moldova is fully controlled by international financial institutions and organisations, “external partners”.

RESPONSE

Recurring pro-Kremlin disinformation narrative claiming that Moldova's (or other ex-Soviet countries') national institutions are under "foreign" control. See here a similar case claiming that IMF destroys the Ukrainian economy and brings Ukraine under external control.

The statement refers to a proposal made in early April 2021 by former President Igor Dodon for the National Bank of Moldova (NBM) to lend money to the government or use its reserves to help the economy recover from the pandemic.

The National Bank reacted with a statement explaining that the law prohibits granting any financial assistance to the state. ”Any loan from the NBM to the state would mean an additional issuance of money, which would lead to the inevitable price rise and, consequently, to the impoverishment of the population, affecting the most vulnerable layers of society”, the statement said.

Also, the IMF's representative in Moldova, Rodgers Chawani, during a round table, spoke in support of the National Bank. ”The NBM must perform its functions without the interference of third parties, including government agencies. We see how the NBM is still subject to political attacks from the parliament, sometimes from the executive branch, which causes concern”, said Chawani.

Moldova has been a sovereign and independent state since 1992 when it proclaimed its independence from the former USSR. Similar disinformation messages have claimed that Moldova is captured with the help of Soros grants and is a Western semi-colony or that Moldovan justice is in the pocket of the EU and the US.

Disclaimer

Cases in the EUvsDisinfo database focus on messages in the international information space that are identified as providing a partial, distorted, or false depiction of reality and spread key pro-Kremlin messages. This does not necessarily imply, however, that a given outlet is linked to the Kremlin or editorially pro-Kremlin, or that it has intentionally sought to disinform. EUvsDisinfo publications do not represent an official EU position, as the information and opinions expressed are based on media reporting and analysis of the East Stratcom Task Force.

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