NBM Governor discussed with the World Bank management the country's economic outlook and the need for access to financing

The Governor of the National Bank of Moldova, Anca Dragu, had a meeting today with a World Bank delegation led by Antonella Bassani, Vice-President for Europe and Central Asia. Discussions focused on the macroeconomic situation, the development of the capital market in the Republic of Moldova, improving the insurance sector, attracting investors, and boosting research at the central bank of Moldova.

A special topic during the meeting was the technical assistance provided by the World Bank to the NBM. In this respect, support for the development of a sustainable financing framework for the financial sector of the Republic of Moldova, improvement of the legal framework on bank resolution, and the elaboration of the National Strategy for Financial Inclusion were mentioned.

Anca Dragu noted that the NBM is showing a keen interest in the development of the Investment Guarantee Fund and guarantee modalities aimed at supporting the maintenance and attraction of investments in our country.

"The Republic of Moldova needs to develop its financial market. At present, there is a low level of financial intermediation, which requires solutions and actions from both the banking and entrepreneurial sectors. The NBM is at the center of these discussions in order to find solutions for the development of the financial market in Moldova," said the NBM Governor.

The meeting took place on the sidelines of the Constituency Meeting of the International Monetary Fund (IMF) and the World Bank (WB), which is being held on 10-12 July 2024 in Chisinau. The World Bank delegation present at the meeting included Silvia Malgioglio, Special Assistant to the Vice President for Europe and Central Asia; Robert Saum, Regional Director for Eastern Europe; Inguna Dobroja, Country Manager for the Republic of Moldova; Carolina Odobescu, Country Officer of the World Bank; and Galina Cicanci, Country Officer of the International Finance Corporation.

The event will be streamed live on the following platforms:

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