{"id":6653,"date":"2021-03-18T19:00:00","date_gmt":"2021-03-18T17:00:00","guid":{"rendered":"https:\/\/www.zdg.md\/en\/?p=6653"},"modified":"2021-03-18T19:00:00","modified_gmt":"2021-03-18T17:00:00","slug":"canceling-the-billion-law-declared-unconstitutional","status":"publish","type":"post","link":"https:\/\/www.zdg.md\/en\/canceling-the-billion-law-declared-unconstitutional\/","title":{"rendered":"Canceling the Billion Law Declared Unconstitutional"},"content":{"rendered":"\n<div class=\"wp-block-advanced-gutenberg-blocks-intro\"><p class=\"wp-block-advanced-gutenberg-blocks-intro__content\">The Constitutional Court declared today, March 18, the law canceling the billion-dollar debt unconstitutional. The law was voted by the Shor-Socialist factions despite the criticism of the opposition, the World Bank, and the International Monetary Fund.<\/p><\/div>\n\n\n\n<p>The repeal of the so-called billion law was one of the promises included in Dodon&#8217;s electoral program in 2016 and which was not fulfilled during his term. Despite holding all three leading positions in the state, only after four years, after Dodon lost the presidential election, the Socialist Party came with this initiative in Parliament. The opposition highly criticized this initiative stating that it will destabilize Moldova&#8217;s economy and the World Bank and the International Monetary Fund reacted too, stating that this is a drawback in the progress achieved. <\/p>\n\n\n\n<p>The World Bank <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zdg.md\/en\/?p=5933\" target=\"_blank\">stated that<\/a> <em>\u201dThe repeal of the law referring to the billion-dollar bank fraud raises concerns about the National Bank of Moldova\u2019s ability to effectively support macroeconomic and financial stability, which is essential for the well-being of Moldovan citizens.\u201d <\/em>The International Monetary Fund representative <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zdg.md\/en\/?p=5900\" target=\"_blank\">stated that<\/a> <em>\u201cThe Parliament\u2019s drafts seriously threatens Moldova\u2019s macroeconomic and financial stability\u201d <\/em>and that the<em> \u201dIMF financial support will be granted only if there is an unequivocal commitment by Moldova to ensure the irreversibility of progress so far, as well as broad political support for the reform agenda, agreed with the IMF mission\u201d.<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.zdg.md\/en\/?p=5823\">The IMF Reacts to the Initiative of Cancelling the $1 Billion Law<\/a><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.zdg.md\/en\/?p=5900\">International Monetary Fund Criticizes Parliament\u2019s Recent Draft Laws<\/a><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.zdg.md\/en\/?p=5933\">The World Bank and the US Embassy Criticize the Disputed Draft Laws<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The repeal of the so-called billion law was one of the promises included in Dodon&#8217;s electoral program in 2016 and which was not fulfilled during his term. Despite holding all three leading positions in the state, only after four years, after Dodon lost the presidential election, the Socialist Party came with this initiative in Parliament&#8230;.<\/p>\n","protected":false},"author":9,"featured_media":6463,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[18,125,11,20,14,10,4,5],"tags":[226,28,262,48,257,375,595],"autor":[],"class_list":["post-6653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-about-moldova","category-economy","category-important","category-justice","category-moldova-explained","category-news","category-political","category-society","tag-billiontheft","tag-constitutionalcourt","tag-imf","tag-moldova","tag-socialistparty","tag-worldbank","tag-shorparty-2"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canceling the Billion Law Declared Unconstitutional - Ziarul de Gard\u0103<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zdg.md\/en\/canceling-the-billion-law-declared-unconstitutional\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canceling the Billion Law Declared Unconstitutional - Ziarul de Gard\u0103\" \/>\n<meta property=\"og:description\" content=\"The repeal of the so-called billion law was one of the promises included in Dodon&#8217;s electoral program in 2016 and which was not fulfilled during his term. Despite holding all three leading positions in the state, only after four years, after Dodon lost the presidential election, the Socialist Party came with this initiative in Parliament....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zdg.md\/en\/canceling-the-billion-law-declared-unconstitutional\/\" \/>\n<meta property=\"og:site_name\" content=\"Ziarul de Gard\u0103\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/zdg.md\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-18T17:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.zdg.md\/en\/wp-content\/uploads\/2021\/02\/Curtea-Constitut\u0326ionala\u0306-1920x1020-c-default.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1020\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cristina Carmanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZiarulDe\" \/>\n<meta name=\"twitter:site\" content=\"@ZiarulDe\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cristina Carmanu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.zdg.md\/en\/canceling-the-billion-law-declared-unconstitutional\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.zdg.md\/en\/canceling-the-billion-law-declared-unconstitutional\/\"},\"author\":{\"name\":\"Cristina Carmanu\",\"@id\":\"https:\/\/www.zdg.md\/en\/#\/schema\/person\/d623cbc9e196fec78044598c7c770cc9\"},\"headline\":\"Canceling the Billion Law Declared Unconstitutional\",\"datePublished\":\"2021-03-18T17:00:00+00:00\",\"dateModified\":\"2021-03-18T17:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.zdg.md\/en\/canceling-the-billion-law-declared-unconstitutional\/\"},\"wordCount\":265,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.zdg.md\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.zdg.md\/en\/canceling-the-billion-law-declared-unconstitutional\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.zdg.md\/en\/wp-content\/uploads\/2021\/02\/Curtea-Constitut\u0326ionala\u0306-1920x1020-c-default.jpg\",\"keywords\":[\"#BillionTheft\",\"#ConstitutionalCourt\",\"#IMF\",\"#Moldova\",\"#SocialistParty\",\"#WorldBank\",\"ShorParty\"],\"articleSection\":[\"About Moldova\",\"Economy\",\"Important\",\"Justice\",\"Moldova Explained\",\"News\",\"Political\",\"Society\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.zdg.md\/en\/canceling-the-billion-law-declared-unconstitutional\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.zdg.md\/en\/canceling-the-billion-law-declared-unconstitutional\/\",\"url\":\"https:\/\/www.zdg.md\/en\/canceling-the-billion-law-declared-unconstitutional\/\",\"name\":\"Canceling the Billion Law Declared Unconstitutional - 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