The development of the capital market will provide financing alternatives for companies as well as investment opportunities. The Republic of Moldova also undertook to modernize the economy and ensure the financial stability and prosperity for the Moldovan citizens, said the governor of the National Bank of Moldova (NBM) Anca Dragu, who leads a delegation that is taking part in the spring meetings of the International Monetary Fund (IMF) and the World Bank (WB) in Washington.

The NBM delegation held a series of productive meetings with important officials, the discissions focusing on the development of the financial market and financial intermediation for ensuring the country’s economic progress.

On Wednesday, the NBM team met with Marina Moretti, Deputy Director of the Monetary and Capital Markets Department of the IMF, Elena Flores, Deputy Director General of the Directorate-General for Economic and Financial Affairs (DG ECFIN) of the European Commission, as well as representatives of leading international companies.

The discussions centered on technical cooperation between the NBM and the IMF, as well as assistance for future financial support programs.

Governor Anca Dragu and Elena Flores, Deputy Director General (DG ECFIN) of the European Commission, addressed topics related to macro-financial assistance from the European Union to the Republic of Moldova, including the economic perspective and structural reforms needed to improve the financial infrastructure and expand the capital market in Moldova.

In the meeting of Anca Dragu and her counterpart from Ukraine Andriy Pyshnyy, the officials underlined the importance of regional cooperation between central banks and reviewed the macroeconomic outlook of the area.

In Washington, the NBM delegation also held talks with representatives of leading international companies, thus reinforcing the strategy of attracting foreign investment and developing capital markets, in view of European integration.

“The discussions held in Washington underline Moldova's commitment to modernize its economy and ensure financial stability and prosperity for Moldovan citizens,” said governor Anca Dragu.

The spring meetings of the IMF and the World Bank provide a unique opportunity for participants from different countries to exchange experiences and views in the areas of economic development and financial stability, noted the NBM.