The Ministry of Finance discussed with business associations the primary market of Government Securities in Moldova and the expansion of the circle of investors in government securities.
The Ministry of Finance reminded that the strategic objective of the Ministry of Finance, according to the Program of State Debt Management in the medium term, is the development of the domestic market of government securities (GS). Based on the importance of this task, the Finance Ministry organized a meeting with members of 2 Moldovan business associations: Association of Romanian Investors and the Italian Chamber of Commerce. The meeting discussed the policy of GS issuance in the next period, the steps and actions to be taken to achieve this goal, as well as to expand the circle of investors in GS, diversify the channels of GS sales and increase the maturity of the domestic public debt portfolio. "The discussions started now are a good opportunity for you to learn more about the GS market in Moldova, why to invest, how to invest in GS and to be active, contributing to the good development of our country, as well as to guide this process. At the same time, we want to understand what elements you still need to enter this market. And last but not least, we want to have this dialog with you and help us make our instruments as attractive as possible," said Minister of Finance Veronica Sireteanu. The invitees had active discussions, which started in a constructive dialog with the Minister of Finance and representatives of the General Directorate of Public Sector Debt and Foreign Aid on the perspectives of contributing to the development of the country by individuals and legal entities by purchasing GS. The mechanism of investing in GS through the prism of primary dealers' services, taxation of GS, examples of investments in GS from Romania and Ukraine were also discussed. 10-year government bonds were also discussed. The representatives of the Ministry of Finance noted that they represent an important step towards yield curve complementation, will contribute to the development of the life insurance market and the national economy development plan, are a strong signal to the international community about the economic stability of the country and a benchmark for setting prices for long-term instruments. As part of the implementation of the Action Plan for the development of the government securities market, namely to strengthen communication with participants in the government securities market, the Ministry of Finance will also organize such sessions with representatives of other business associations. This meeting is the first in a series of expected meetings on this topic with business associations. The ministry points out that investing in GS gives maximum security, high liquidity, long-term cooperation with the safest partner, i.e. the state, and contributes to the development of infrastructure, health care, favorable environment, etc. Useful information on the GS market is available on the website of the Ministry of Finance in the Public Sector Debt section. // 11.08.2023 - InfoMarket.
