CNPF endorsed the draft law on the approval of Moldova’s Capital Market Development Strategy for 2025-2030
According to the National Financial Market Commission (CNPF), this Strategy aims to create a dynamic, transparent and attractive environment for investors and companies, contributing to the economic development of the country. To achieve this goal, the following general objectives have been defined: increasing access to finance by strengthening the capacity of companies to create financing offers on the capital market; expanding the pool of investors to increase market demand and liquidity; increasing access of SMEs to the capital market; modernizing the infrastructure and strengthening the capacity of the capital market ecosystem; harmonizing the regulatory framework with European legislation. The draft law includes an analysis of the current situation on the capital market, available financial instruments, the degree of involvement of entities and investors, as well as an assessment of the economic evolution and structure of the corporate sector. The Strategy also identifies the strengths and weaknesses of all market segments, including regulation, as well as gaps limiting the development of the capital market. The draft law focuses on diversifying the sources of financing for both the corporate and public sectors, facilitating access to capital for SMEs, protecting investors' rights and increasing transparency, thus contributing to the sustainable economic development of Moldova. In addition, the draft contains an Action Plan with indicators and implementation timeframes to achieve the proposed objectives. The draft law should be submitted to the Ministry of Finance, undergo the procedure of approval and public consultations, and then sent to the Parliament for consideration. // 01.11.2024 - InfoMarket
