The National Bank of Moldova has completed the 2nd phase of the Financial Sector Assessment Program (FSAP 2025), conducted at its request in cooperation with the IMF and the World Bank
According to the NBM, the FSAP 2025 program is a detailed assessment of the national financial system to support the authorities in preventing risks and ensuring sustainable and stable development of the financial sector, the institutional, regulatory and supervisory framework. The program targets the banking sector, capital market, insurance and non-bank credit sector and includes an analysis of macro-financial risks, a system resilience test through stress modeling, an assessment of crisis management capacity, interagency cooperation, as well as aspects of financial inclusion and access to finance. During the diagnostic mission conducted in April-May 2025, IMF and World Bank experts met with representatives of national authorities, financial institutions and other relevant stakeholders. "Completing this phase brings us closer to an important goal: obtaining a clear, objective and in-depth perspective on the efficiency of the financial sector. The event held makes a significant contribution to strengthening the stability of the system and its harmonization with the best international practices and standards. The joint efforts of our partners and the NBM team support the development of a stable, predictable and welfare-oriented economic environment,” said NBM President Anca Dragu. The FSAP 2025 program consists of three stages: a preliminary assessment conducted in January-February 2025, during which the areas of analysis were identified; a recently completed diagnostic mission focused on collecting and assessing data in detail; and a final stage, which will include formulating and presenting conclusions to the national authorities. As noted by the National Bank, the FSAP program will strengthen the NBM’s capacity to identify, assess and effectively manage financial risks, thereby contributing to maintaining the country’s economic and financial stability. At the same time, the support of the IMF and the World Bank will create the necessary preconditions for advancing structural reforms, improving the institutional framework and improving the quality of life of citizens. This cooperation facilitates the development of a predictable and investment-friendly economic environment, which has a positive impact on long-term sustainable development. //25.06.2025 – InfoMarket.
