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Moldova to improve the quality of public sector debt statistics data and public debt management in line with the best international practice.

Moldova to improve the quality of public sector debt statistics data and public debt management in line with the best international practice.

In particular, this is envisaged by amendments to the Law on Public Sector Debt, State Guarantees and State On-lending and to the Law on Public Procurement, which the Parliament adopted in the second reading. Among other things, they provide for a change in the current regulatory framework on issues related to cooperation with international rating agencies; by issuing securities on external financial markets and intending to sell government securities directly to individuals through an electronic platform. At the same time, the bill includes a number of provisions based on the latest versions of the Debt Management Performance Assessment System. Thus, the Ministry of Finance will be entitled to conclude contracts with specialized financial institutions that provide mediation in the placement of government securities (GS) on foreign markets, and with specialized companies providing legal assistance. The Ministry of Finance will also be able to enter into contracts and cooperate with rating agencies to assess the country rating of Moldova and its financial obligations. According to the Ministry of Finance, the proposed amendments provide for: the sale of government securities directly to individuals through an electronic platform; improving the data quality of public sector debt statistics by consolidating data and reporting by state/municipal enterprises and companies with full or majority state capital on information on guarantees provided; establishment of the right of the Ministry of Finance to conduct on-site inspections of primary dealers to control and evaluate their activities; regulation of the process of authorizing borrowing and issuing guarantees by administrative-territorial units by clarifying the conditions and stages of borrowing and/or issuing guarantees by administrative-territorial units; improving the management of Moldova's public debt in accordance with international best practices in this area through the development by the Ministry of Finance of the Annual Plan of Loans, which will include the structure and volumes of financing the state budget deficit for the corresponding year. // 13.10.2022 – InfoMarket

News on the subject

The delegation of Moldova participates in the annual meetings of the IMF and the WB in Washington.
The delegation of Moldova participates in the annual meetings of the IMF and the WB in Washington.
Seven land plots were sold at a land auction organized by the Chisinau Mayor's office, 33.6 million lei will go to the municipal budget.
Seven land plots were sold at a land auction organized by the Chisinau Mayor's office, 33.6 million lei will go to the municipal budget.
Natural gas tariffs for residential customers of Moldova increased by an average of 172.72% in January-September 2022, and by 395.47% in the last 12 months (September 2022 to September 2021).
Natural gas tariffs for residential customers of Moldova increased by an average of 172.72% in January-September 2022, and by 395.47% in the last 12 months (September 2022 to September 2021).
The State Reserves Agency will hold direct negotiations with agricultural producers regarding the replenishment of state reserves of food wheat.
The State Reserves Agency will hold direct negotiations with agricultural producers regarding the replenishment of state reserves of food wheat.
Vegetables in Moldova in January-September 2022 rose by an average of 19.13%, and in the last 12 months (September 2022 to September 2021) by 63.53%.
Vegetables in Moldova in January-September 2022 rose by an average of 19.13%, and in the last 12 months (September 2022 to September 2021) by 63.53%.
Combustible and fuel prices in Moldova rose by an average of 38.39% in January-September 2022, and by 48.21% in the last 12 months (September 2022 to September 2021).
Combustible and fuel prices in Moldova rose by an average of 38.39% in January-September 2022, and by 48.21% in the last 12 months (September 2022 to September 2021).