Financial reforms and European integration will contribute to Moldova's economic development – the NBM
Vice-Governor of the National Bank of Moldova (NBM) Tatiana Ivanicichina stated this while speaking at the round table “Macroeconomic Resilience of the Republic of Moldova in the Context of Regional and Global Security Threats”, organized by Expert-Grup Independent-Think Tank and the Center for Social and Economic Research (CASE, Poland). She noted that the NBM pursues a balanced monetary policy adapted to market realities. “The goal is to protect the economy from external shocks and to maintain financial stability,” Tatiana Ivanicichina emphasized. The NBM Vice-Governor said that the National Bank's goal is to ensure a sound banking system and to create a predictable economic environment able to support long-term development. Tatiana Ivanicichina also emphasized the importance of speeding up the European financial integration. According to her, joining SEPA is the most important step in modernizing the financial infrastructure. It will facilitate cross-border transactions, increase efficiency and reduce costs for citizens and businesses. “Technological development of the financial system and digitization of payments are key priorities. They will increase financial inclusion and competitiveness of the economy. The NBM actively cooperates with European and international institutions to implement best practices and adapt regulations to EU standards,” said NBM Vice-Governor. Tatiana Ivanicichina also emphasized the need to diversify the economy. According to her, the support to SMEs and the promotion of innovations are necessary to create a competitive economic environment. These measures will contribute to economic growth and attract foreign investments. “Economic stability and predictability are key factors to strengthen confidence in the banking system. The NBM will continue to implement measures to support these objectives,” NBM Vice-Governor added. During the discussions, Adrian Lupusor, Executive Director of Expert-Grup, said that experts have identified certain risks for the near future, but there are also mitigating factors. “The role of the central bank is very important here, as the NBM is an independent, well-capitalized central bank, with large foreign exchange reserves, it pursues a balanced monetary policy, and the national currency is maintained at a stable level,” he said. The roundtable was attended by government representatives, international donors, economic experts, academics and representatives of the banking sector. The event provided a forum to analyze and exchange views on solutions needed to strengthen economic resilience. The discussions centered on measures to ensure financial stability, reduce external vulnerability and enhance economic competitiveness in an increasingly complex regional and global context. // 30.01.2025 - InfoMarket
