{"id":446094,"date":"2018-11-23T16:53:59","date_gmt":"2018-11-23T16:53:59","guid":{"rendered":"http:\/\/www.moldova.org\/en\/?p=446094"},"modified":"2018-11-23T16:53:59","modified_gmt":"2018-11-23T16:53:59","slug":"national-bank-moldova-governor-sergiu-cioclea-resigned-world-banks-reaction","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/national-bank-moldova-governor-sergiu-cioclea-resigned-world-banks-reaction\/","title":{"rendered":"National Bank of Moldova governor, Sergiu Cioclea, resigned. This is The World Bank&#8217;s reaction"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p>Sergiu Cioclea stated that the objectives he seized with the assumption of the governor position were fulfilled.<\/p>\n<blockquote><p>&#8220;The banking system is now stronger, which has been recognized not only by unprecedented foreign investment but also by IMF, BM and European Commission,&#8221; Cioclea said.<\/p><\/blockquote>\n<p>He stressed that it is time for someone else &#8220;to manage this capital of change and reform further on&#8221;.<\/p>\n<p>In this context, Andrian Candu, Parliament Speaker, praised the achievements of the NBM governor, suggesting that the resigning governor, Sergiu Cioclea, will soon take up &#8220;another position and position&#8221;.<\/p>\n<p>The World Bank representative in the Republic of Moldova says that, during the term of office of Sergiu Cioclea, the NBM has become a more secure and trustworthy institution and thus became recognized internationally.<\/p>\n<p>This is the message posted on the Facebook page of the World Bank representative, thanking Cioclea for constructive and fruitful cooperation:<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/deschide.md\/get_img?ImageWidth=960&amp;ImageHeight=960&amp;ImageId=57849\" \/><\/p>\n<p>Yes, it is true that every person has the right to abandon any job. But however, the fact that Cioclea is leaving is raising more and more questions.<\/p>\n<p>Cioclea came to the head of this institution in a period of extreme decline in trust in banks and, in general, in the honesty of state institutions. He says he has managed to re-establish relations with the IMF, set up secure banking control mechanisms and fraud prevention, and develop priorities for the coming years. Naturally, the question: <strong>why should the ship be abandoned when the hardest part of\u00a0the work<\/strong><strong>\u00a0was done<\/strong>?<\/p>\n<p>More voices speak of a near collapse of Moldova. That&#8217;s what it&#8217;s at official level. Officially, we are doing better than ever when children receive diapers from the coordinator&#8217;s foundation, when mature people get their way from the ruling party, when doctors are taken to the arms of the new Ministry of Health, and the peasants receive bags of vegetables and fruit from deputies.<\/p>\n<p>The last massive devaluation of Moldovan banks took place on the night of the 2014 parliamentary elections. It has been 4 years and the investigations have ended with enormous spending for the budget and the citizens, without bringing the expected outcome: returning the\u00a0money and punishing the\u00a0politicals. One of the great expectations of Governor Cioclea was not only explaining the theft and demonstrating the recovery of the stolen\u00a0money, but also preventing new frauds.<\/p>\n<p>Nevertheless, the bill was neither found, nor recovered, and that the disclosure of any details would be damaging. The only certainty that we had inoculated was that such schemes would no longer be possible. Now, if the one who initiated and led the banking reform is leaving the NBM only 3 months ahead of the elections, is there any guarantee that this reform is irreversible?<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>The National Bank of Moldova (NBM) Governor, Sergiu Cioclea, told a press conference on Tuesday, November 20th, that he had submitted a request for resignation to Parliament. Sergiu Cioclea ended his term as of 30 November 2018, the request for resignation being sent to the President of Parliament, Andrian Candu.<\/p>\n","protected":false},"author":23,"featured_media":446095,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,3],"tags":[35],"class_list":["post-446094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-justice","category-politics","tag-important"],"content_social_share":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p>Sergiu Cioclea stated that the objectives he seized with the assumption of the governor position were fulfilled.<\/p>\n<blockquote><p>&#8220;The banking system is now stronger, which has been recognized not only by unprecedented foreign investment but also by IMF, BM and European Commission,&#8221; Cioclea said.<\/p><\/blockquote>\n<p>He stressed that it is time for someone else &#8220;to manage this capital of change and reform further on&#8221;.<\/p>\n<p>In this context, Andrian Candu, Parliament Speaker, praised the achievements of the NBM governor, suggesting that the resigning governor, Sergiu Cioclea, will soon take up &#8220;another position and position&#8221;.<\/p>\n<p>The World Bank representative in the Republic of Moldova says that, during the term of office of Sergiu Cioclea, the NBM has become a more secure and trustworthy institution and thus became recognized internationally.<\/p>\n<p>This is the message posted on the Facebook page of the World Bank representative, thanking Cioclea for constructive and fruitful cooperation:<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/deschide.md\/get_img?ImageWidth=960&amp;ImageHeight=960&amp;ImageId=57849\" \/><\/p>\n<p>Yes, it is true that every person has the right to abandon any job. But however, the fact that Cioclea is leaving is raising more and more questions.<\/p>\n<p>Cioclea came to the head of this institution in a period of extreme decline in trust in banks and, in general, in the honesty of state institutions. He says he has managed to re-establish relations with the IMF, set up secure banking control mechanisms and fraud prevention, and develop priorities for the coming years. Naturally, the question: <strong>why should the ship be abandoned when the hardest part of\u00a0the work<\/strong><strong>\u00a0was done<\/strong>?<\/p>\n<p>More voices speak of a near collapse of Moldova. That&#8217;s what it&#8217;s at official level. Officially, we are doing better than ever when children receive diapers from the coordinator&#8217;s foundation, when mature people get their way from the ruling party, when doctors are taken to the arms of the new Ministry of Health, and the peasants receive bags of vegetables and fruit from deputies.<\/p>\n<p>The last massive devaluation of Moldovan banks took place on the night of the 2014 parliamentary elections. It has been 4 years and the investigations have ended with enormous spending for the budget and the citizens, without bringing the expected outcome: returning the\u00a0money and punishing the\u00a0politicals. One of the great expectations of Governor Cioclea was not only explaining the theft and demonstrating the recovery of the stolen\u00a0money, but also preventing new frauds.<\/p>\n<p>Nevertheless, the bill was neither found, nor recovered, and that the disclosure of any details would be damaging. The only certainty that we had inoculated was that such schemes would no longer be possible. Now, if the one who initiated and led the banking reform is leaving the NBM only 3 months ahead of the elections, is there any guarantee that this reform is irreversible?<\/p>\n<div class='heateorSssClear'><\/div><div  class='heateor_sss_sharing_container heateor_sss_horizontal_sharing' data-heateor-sss-href='https:\/\/www.moldova.org\/en\/national-bank-moldova-governor-sergiu-cioclea-resigned-world-banks-reaction\/' data-heateor-sss-no-counts=\"1\"><div class='heateor_sss_sharing_title' style=\"font-weight:bold\" ><\/div><div class=\"heateor_sss_sharing_ul\"><a aria-label=\"Facebook\" class=\"heateor_sss_facebook\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fwww.moldova.org%2Fen%2Fnational-bank-moldova-governor-sergiu-cioclea-resigned-world-banks-reaction%2F\" title=\"Facebook\" rel=\"nofollow noopener\" target=\"_blank\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg\" 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Sergiu Cioclea, resigned. This is The World Bank&#039;s reaction - Moldova.org<\/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.moldova.org\/en\/national-bank-moldova-governor-sergiu-cioclea-resigned-world-banks-reaction\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Arina Livadari\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/national-bank-moldova-governor-sergiu-cioclea-resigned-world-banks-reaction\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/national-bank-moldova-governor-sergiu-cioclea-resigned-world-banks-reaction\\\/\"},\"author\":{\"name\":\"Arina Livadari\",\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/#\\\/schema\\\/person\\\/f7f7b7a757ef0c14ab74eed7caf3eb58\"},\"headline\":\"National Bank of Moldova governor, Sergiu Cioclea, resigned. 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This is The World Bank's reaction - Moldova.org","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.moldova.org\/en\/national-bank-moldova-governor-sergiu-cioclea-resigned-world-banks-reaction\/","twitter_misc":{"Written by":"Arina Livadari","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.moldova.org\/en\/national-bank-moldova-governor-sergiu-cioclea-resigned-world-banks-reaction\/#article","isPartOf":{"@id":"https:\/\/www.moldova.org\/en\/national-bank-moldova-governor-sergiu-cioclea-resigned-world-banks-reaction\/"},"author":{"name":"Arina Livadari","@id":"https:\/\/www.moldova.org\/en\/#\/schema\/person\/f7f7b7a757ef0c14ab74eed7caf3eb58"},"headline":"National Bank of Moldova governor, Sergiu Cioclea, resigned. 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