Cooperation with the EBRD helps strengthen Moldova's financial sector, accelerates the modernization of the capital market infrastructure, and helps bring it into line with European standards – the NBM
This was discussed at a meeting of Anca Dragu, Governor of the National Bank of Moldova (NBM), and Mihnea Constantinescu, Vice-Governor of the NBM, with representatives of the European Bank for Reconstruction and Development at the Central and Eastern Europe Forum in Vienna. According to the National Bank, the discussions focused on strengthening Moldova's financial sector, accelerating structural reforms, and deepening strategic partnerships in the context of the country's European path. During the dialogue, Governor of the National Bank of Moldova highlighted the progress made in modernizing the financial sector, including the stability of the banking sector, the strengthening of insurance supervision, and the improvement of the transparency of the regulatory framework. Anca Dragu also stressed the importance of the technical assistance provided by the EBRD in the process of bringing it into line with EU standards. “Cooperation with the EBRD accelerates the modernization of the capital market infrastructure and helps us bring it into line with European standards. Our goal is clear: to provide the banking system and citizens of Moldova with stability, trust, and international credibility,” said the NBM Governor. The focus of the discussions was on the development of the capital market and improving access for institutional and private investors to Moldova's financial market. In this context, the following issues were discussed the launch of the Moldova International Stock Exchange, a strategic project implemented in partnership with the Bucharest Stock Exchange and other key players, which is expected to become operational in the summer of 2026; preparations for connecting the Central Securities Depository of Moldova with the Central Securities Depositories of the European Union, starting with Romania, a crucial step in facilitating cross-border listings and attracting foreign capital; implementation of new rules for the use of global depository accounts, which simplify access for international investors to Moldovan financial instruments and increase the attractiveness of the local market. The head of the National Bank of Moldova emphasized the importance of EBRD support in the technical and analytical projects underlying these transformations, including the development and implementation of the yield curve project launched by the NBM in December 2025, an instrument that contributes to greater transparency and investor confidence. At the same time, Anca Dragu presented an accelerated program for the implementation of European standards in the financial sector, aimed at full compliance with EU regulations and directives in the areas of market infrastructure, financial supervision, payment services, insurance, and deposit guarantees. At the same time, the NBM is moving forward with the assessment procedure conducted jointly with the European Banking Authority with a view to obtaining recognition of the equivalence of Moldova's prudential system to the EU system by the end of the year. This approach is an important step towards strengthening international confidence in the Moldovan banking sector and promoting European financial integration. On January 13-14, the NBM delegation participated in the Central and Eastern Europe Forum in Vienna, one of the most important regional forums for dialogue between central bank governors, global investors, and international financial institutions. // 15.01.2026 – InfoMarket.
