The Governor of the National Bank of Moldova (NBM), Anca Dragu, discussed with a delegation from the Moldovan Banking League, led by Dumitru Ursu, the importance of preparing Moldova's banking sector to meet co-financing needs in the EU accession process, IPN reports.
According to the NBM, topics addressed at the meeting included the impact of monetary policy on maintaining inflation, financial education, digitalization, and capital market development, as well as the importance of international cooperation.
“Preparing the banking sector to meet the co-financing requirements of European pre-accession funding is essential. Meeting these financing requirements will not only enhance Moldova’s eligibility for these funds but also support our gradual alignment with EU economic standards,” said the NBM Governor.
Anca Dragu also highlighted the importance of improving access to finance for the private sector, noting that the base rate has been reduced to 3.6% per year. Additionally, to further support lending to the private sector, the NBM has lowered the mandatory reserve requirement from 33% to 27% and reduced the requirement for foreign currency reserves from 43% to 36%.
To achieve these objectives, Anca Dragu emphasized the need to strengthen efforts in financial education to ensure a better understanding of financial services and banking products by the public.
