Economics

NATIONAL BANK DELEGATION DISCUSSES CAPITAL MARKET DEVELOPMENT AND FINANCIAL INTERMEDIATION WITHIN MOLDOVA IN WASHINGTON

18 april, 2024

The delegation of the National Bank of Moldova (NBM) headed by its Governor Anca Dragu is discussing new opportunities for the development of the capital market and cooperation for Moldova during the IMF and World Bank spring meetings in Washington. According to the information provided by the NBM press service to INFOTAG, all participants in the meetings held by the Moldovan delegation note “Moldova's commitment to modernizing its economy and ensuring financial stability.”

During the discussions at the meetings, it is noted that the development of the Moldovan capital market will provide companies with alternative financing options, as well as new investment opportunities.

On Wednesday, the NBM delegation met with the Deputy Director of the Monetary and Capital Markets Department of the IMF Marina Moretti and the Deputy Director-General of the Directorate-General for Economic and Financial Affairs (DG ECFIN) of the European Commission Elena Flores, as well as with representatives of leading international companies.

The participants discussed “technical cooperation between the NBM and the IMF, as well as assistance in future financial support programs for the Republic of Moldova.”

“The representatives of the IMF's Foreign Exchange Market and Capital Markets Department emphasized technical cooperation between the NBM and the IMF and assistance for the coming years, including potential benefits from the Financial Sector Assessment Program (FSAP) by the IMF and World Bank in 2026,” the NBM release quoted.

The importance of regional cooperation between central banks and the macroeconomic prospects of the region were discussed by Governor Anca Dragu at a meeting with the President of the National Bank of Ukraine, Andriy Pyshnyi.

“The discussions held in Washington underscore Moldova's commitment to modernizing its economy and ensuring financial stability and prosperity for Moldovan citizens,” said Anca Dragu.

The NBM press service notes that the IMF and World Bank spring meetings provide a unique opportunity for participants from different countries to exchange experiences and opinions in the field of economic development and financial stability.

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