Moldova launched an online platform for direct investments in government securities - eVMS.md, which was a premiere for the country's financial market
The new portal allows direct operations with government securities (GS) for all Moldovan citizens, including representatives of the Diaspora. To be able to invest, they must create an account on the platform, have a bank account in a Moldovan bank and an electronic signature issued in the Republic of Moldova. During the event dedicated to the launch of eVMS.md, Prime Minister Dorin Recean commended the contribution of the Finance Ministry's team and development partners, particularly USAID. Prime Minister highlighted the National Bank of Moldova's (NBM) contribution to this project, emphasizing that the new project complements other projects implemented by the National Bank, such as the MIA instant payment system. "We should see these things as a joint effort of all institutions to organize public services, including investments, for our citizens. It also promotes the development of the capital market that we long for; it promotes the familiarization of our citizens with new instruments. This is where the government, the Ministry of Finance and the financial education projects initiated and implemented by the National Bank become even more important, they become a kind of facilitator, and the financial education projects will be of great help in ensuring that these products that the government provides to citizens are used for their benefit. Once again, I would like to express my deepest gratitude to those who have contributed," Prime Minister stated. For his part, former Finance Minister and current NBM Vice-Governor Petru Rotaru said that the Finance Ministry decided to launch this project because it understands very well today's realities and some international practices very clearly show that any citizen of a country, if he/she is active and has financial resources, can invest in his/her country. "There is a direct link between the investments of citizens in the development of the country they are in. Moldovan citizens have the right to invest. Now people will have the opportunity to enter the system in 1 month and, accordingly, to get used to this system. We propose to conduct the first issue of government securities in September. We estimate this issue at 1 billion lei. Those who register and manage to pass all the technical procedures will be assisted through a call center, which will be announced later. Accordingly, if citizens have questions about entering the system or certain problems with understanding the system, they will be assisted in such a way that at the moment of issuance, they will be able to purchase state securities without intermediaries, having direct access to the source," Petru Rotaru said. USAID Moldova Acting Mission Director Robert Reno said that this new platform allows Moldovan citizens, both at home and abroad, to purchase government securities directly from the Ministry of Finance, without intermediaries and commissions. "This initiative allows Moldovan citizens to invest in their future and contribute to the development of their country. We are extremely proud to support the Ministry of Finance in this initiative through the USAID Financial Sector Transparency Activity. We congratulate you on this important leap in affordable investment opportunities and the economic progress it represents on this platform," he said. The director of USAID's Financial Sector Transparency in Moldova Project, Matthew Macellaro, pointed out that a large team worked on the launch of the eVMS.md platform and soon citizens will be able to register on the platform, browse and learn about the opportunities it offers. Significant efforts were made not only by the USAID project Financial Sector Transparency Activity, but also by the NBM and the Ministry of Finance, as it was also necessary to harmonize anti-money laundering and anti-terrorism legislation. According to him, with the launch of this platform, citizens have an attractive and safe alternative for investing their resources/savings. At the same time, by investing in government securities, citizens will directly contribute to development projects, including in social, infrastructural and other spheres. As InfoMarket reported earlier, thanks to the launch of the first eVMS.md platform in Moldova, dedicated to trading in government securities (GS), Moldovan citizens will have more opportunities for safe investments, ensuring a stable financial future, as well as contributing to the financing of the country's development projects. The eVMS.md portal will allow direct transactions without intermediaries and commissions for all Moldovan citizens. Government securities are one of the most reliable investment instruments, thanks to the full guarantee of the state. Through government securities, the state will borrow funds from citizens to finance the country's development projects and economic growth. Government securities include treasury bonds issued for up to 1 year and government bonds issued for more than 1 year. The active participation of investors in the government security market represents a form of civic engagement of citizens in the economic growth of the country. Through the eVMS.md online platform, Moldovan citizens will be able to: create a personalized account; carry out online transactions related to investments in government securities without intermediaries; have access to up-to-date information, such as current and historical rates; conduct transparent and secure transactions; manage their account and investments made 24 hours a day, 7 days a week, with maximum flexibility in investment management. Investing in government securities offers many advantages: security, regular income, accessibility, contribution to development. Since the creation of the government securities market in 1995, the government has been making timely payments for their redemption and payment of the corresponding interest. // 01.08.2024 – InfoMarket
