The National Banks of Moldova (NBM) and France have signed a memorandum of agreement
The document was signed in Paris by Anca Dragu, Governor of the National Bank of Moldova, and her French counterpart, Bank of France Governor François Villeroy de Galhau. According to the NBM report, the signed document is an important moment in deepening the bilateral cooperation and supporting Moldova's European path. The memorandum establishes a broad framework for cooperation, the main objective of which is the exchange of experience and capacity building in key areas: monetary policy and financial stability; regulation and supervision of financial markets, including banking, non-banking and insurance sectors; liberalization of capital account; macroeconomic studies and research; digital transformation of business processes and risk management, etc. A distinctive element of the cooperation is the access of the NBM experts to training programs organized by the International Banking and Finance Institute of the Bank of France. These courses will contribute to the development of macroeconomic analysis and financial policy skills. “On its European path, Moldova needs reliable partners and the Bank of France represents a model of excellence. The signing of this memorandum underlines our desire to learn from the experience of the EU member states in order to modernize and strengthen Moldova's financial system,” Anca Dragu said. For his part, Governor of the Bank of France, François Villeroy de Galhau, emphasized the importance of the partnership with the NBM. “We are pleased to sign this memorandum of understanding with the National Bank of Moldova, which reflects our joint commitment to strengthening financial stability. This cooperation represents an important step in supporting Moldova on its path to EU accession. Working together, we aim to strengthen financial practices and share experience in addressing common challenges. We count on a productive partnership, which will contribute to stability and mutual success,” François Villeroy de Galhau said. According to him, through this memorandum, the National Bank of Moldova and the Bank of France confirm their commitment to contribute to the development of the modern financial sector, in line with the European standards. According to the NBM, the diplomatic relations between Moldova and France, established in 1992, have gained positive dynamics, materialized through bilateral agreements in different fields. On January 1, 2025, the Convention between the two states on the avoidance of double taxation entered into force, which will encourage French investments in Moldova and will increase the country's attractiveness for business environment. // 17.01.2025 - InfoMarket.
