The EU stands for the preservation of the independence of the National Bank of Moldova and the results of reforms carried out in the country's banking sector.
This was stated by the head of the EU Delegation to Moldova Peter Michalko at a meeting with the President of the National Bank Octavian Armasu. According to the NBM, the parties discussed macro-financial events, the activities of the banking sector of Moldova and monetary policy measures to mitigate the consequences of the pandemic crisis and support the economy during this period. The NBM President noted that the National Bank is taking the necessary measures to maintain a sufficient level of liquidity in banks, to support the process of lending to economic agents in order to revive the national economy in the face of uncertainty caused by the crisis. Herewith, the head of the National Bank stated that the banking sector is successfully passing the stability test and is able to support the economy in times of crisis, but for a sustainable economic recovery, the country needs external financing. According to him, the NBM can ensure financial stability only if it remains independent, and the conditions of the rule of law are crucial for the effective fulfillment of the NBM's mandate. In this context, the EU Ambassador to Moldova confirmed the need to preserve the results of reforms carried out in the banking sector, and to understand the powers of the National Bank in the legal conditions of the institution's independence as one of the decisive and specific factors in a joint contribution with other authorities to break the economic deadlock. Peter Michalko also noted that he highly appreciates the actions taken by the team of the National Bank of Moldova to ensure the financial stability of the country, especially recently.. // 15.04.2021 — InfoMarket
