Stefan Gatcan fled the country after telling prosecutors he was physically forced to sign his resignation as an MP by his former colleagues from the Socialist Party.
Gross transfers from abroad to Moldovan households increased by 22% y/y to $142mn in May, reflecting payments delayed during the lockdown period.
Fugitive businessman and politician Vlad Plahotnuic is believed to be preparing the ground for a return to Moldova. But Igor Dodon will struggle to persuade the pro-EU opposition to work with him again after using and discarding them last year.
Instead of triggering an increase in remittance payments, which is typical during times of crisis, the uncertainty surrounding the COVID-19 pandemic has caused migrant payments to households in developing countries to slow dramatically.
As governments continue to lift lockdowns and travel restrictions across Central, Eastern and Southeast Europe, several countries in the region have reported record-high numbers of new infections in the last few days.
Army will enforce social distancing as the situation has deteriorated abruptly over the past couple of weeks.
The ruling Socialists are bleeding MPs to the new Pro Moldova party believed to be backed by fugitive politician Vlad Plahotnuic, but President Igor Dodon says he will obstruct any attempts by the opposition to form a new government.
Governments across the region have turned to the international capital markets to raise money to meet the gap between increased costs and lower revenues as a result of the coronavirus pandemic.