The joint IMF-WB Financial Sector Assessment Program (FSAP) of Moldova will be implemented in 2025.
This was discussed during a meeting that the President of the National Bank of Moldova Anca Dragu held in Washington with the Deputy Managing Director of the International Monetary Fund Kenji Okamura. According to the NBM, the official delegation of Moldova, consisting of representatives of the National Bank headed by the Chairman Anca Dragu and the Ministry of Finance headed by Minister Victoria Belous, is currently participating in a series of bilateral meetings organized within the framework of the IMF and World Bank Annual Meetings in Washington. The first bilateral meeting during the visit was the meeting of the President of the National Bank of Moldova with Kenji Okamura. During the discussions, Anca Dragu presented the developments and macroeconomic prospects of Moldova, the implementation of the program with the IMF, the program of reforms of the central bank to meet the criteria for Moldova's accession to the European Union. The aspects related to the effectiveness of monetary policy, stability of the banking sector, and sustainable financing were also discussed. As for the Joint IMF-WB Financial Sector Assessment Program (FSAP) of Moldova, which will be implemented in 2025, Anca Dragu expressed her readiness to actively participate in the successful completion of this assessment mission, which is of particular importance in the development strategy of the financial sector of our country. "The financial assistance provided so far has a positive impact on the development of the national economy. The support provided by the IMF contributes to the promotion and implementation of economic reforms, which is reflected in improving the quality of life of citizens and creating a favorable basis for long-term development," the NBM President emphasized. In the coming days, the Moldovan delegation will continue negotiations with high-ranking representatives of the IMF, WB, International Finance Corporation (IFC), European Commission, EBRD, and other external development partners. The IMF-World Bank Annual Meeting provides a forum for dialogue and exchange of experiences among senior representatives of the international financial sector in the context of current regional and global developments as well as the medium- and long-term outlook. // 22.10.2024 — InfoMarket.
