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Loans Provided By Chinese Government: Opportunities And Risks For The Republic Of Moldova

Author

Listed:
  • Marina SOLOVIOVA

    (Student, Academy of Economic Studies of Moldova)

Abstract

As external development partners have put on hold their financial support for Moldova, contracting loans from China sparks an increasing interest. Because debates on this topic take place with very little information available, in this article we have made a synthesis of official data disseminated by the Chinese authorities, estimations made by the OECD and other organizations, records from the archive of the National Bank of Moldova, documents from the state register of legal acts, as well as of data published by the press. The results show that, although loans provided by the Chinese government are not an alternative to the loans offered by the IMF and other traditional creditors for budget and balance of payments support, they have a range of peculiar advantages and can be a convenient means of financing projects in the area of energy, industry, and agriculture.

Suggested Citation

  • Marina SOLOVIOVA, 2016. "Loans Provided By Chinese Government: Opportunities And Risks For The Republic Of Moldova," ECONOMY AND SOCIOLOGY: Theoretical and Scientifical Journal, Socionet;Complexul Editorial "INCE", issue 1, pages 63-70.
    • Handle: RePEc:nos:ycriat:256
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    More about this item

    Keywords

    China; Moldova; export credits; concessional loans; international finance;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • F39 - International Economics - - International Finance - - - Other
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • H84 - Public Economics - - Miscellaneous Issues - - - Disaster Aid

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