The National Bank of Moldova (NBM) and the World Bank are starting discussions on the elaboration of a National Financial Inclusion Strategy
The NBM announced this, noting that its delegation, headed by Vice President Tatiana Ivanicichina, along with representatives of other institutions and organizations with competences in the economic and financial fields, held a meeting at the NBM with representatives of the World Bank's technical assistance mission for the elaboration of a National Financial Inclusion Strategy. “This strategy is necessary to ensure equitable access to financial services for all citizens, thus contributing to the reduction of economic inequalities,” emphasized the Vice-Governor of the NBM. For his part, Syed Mehdi Hassan, the World Bank's Technical Assistance Team Leader for Financial Inclusion, emphasized the key importance of the National Financial Inclusion Strategy for Moldova, noting that a well-founded strategy will significantly contribute to increasing the population's access to safe and affordable financial services, thus ensuring economic development based on equity criteria. During the meeting, the World Bank representatives discussed the stages of the strategy development process, emphasizing the importance of inter-institutional cooperation. It was emphasized that each institution will play a key role in this process, contributing its specific expertise. Members of the inter-institutional working group recently formed through the signing of a Memorandum of Understanding between the competent institutions also participated in the discussions. The role of the group is to coordinate the development, implementation and monitoring of the National Financial Inclusion Strategy. This is the first formal meeting of the Inter-Institutional Working Group with World Bank experts to lay the groundwork for the implementation of an effective and inclusive strategy. The technical assistance mission of World Bank experts in Chisinau will continue detailed discussions over the next 2 weeks, until October 4, to formulate proposals for the National Financial Inclusion Strategy, which will play an important role in ensuring access to financial services for Moldovan citizens. This is part of the technical assistance program financed by the Moldova-Growth, Resilience and Opportunities for Well-Being Trust Fund (M-GROW), managed by the World Bank. As NBM notes, more than 60 countries have already adopted financial inclusion strategies, and the results are impressive. Increased access to modern, digital and innovative financial services has led to increased prosperity and reduced economic inequality. // 24.09.2024 - InfoMarket.
