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    4th Monday of the month: 14.00-17.00;
    Appointment: +373 22 822 607.

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Nils Oeyvind Maehle, a Senior Economist with the IMF Monetary and Capital Markets Department, payed a working visit to the National Bank of Moldova (NBM) on September 28-29, 2017.

The signed memorandum opens new opportunities to extend the technical assistance in the banking field and to attract the expertise of the EU central banks.

The meeting discusses the need to accelerate the structural reforms in order to support economic growth, strengthen state institutions and improve governance in the countries of Central Eastern and Southeastern Europe.

The document provides for the creation of framework to facilitate the collaboration between the parties and to extend the technical assistance in banking sector.  At the same time, the memorandum offers new opportunities to attract international expertise from the Black Sea countries in fields of major interest for the NBM.

The key goal of the project was to assist the National Bank of Moldova (NBM) in strengthening its prudential supervision framework through approximation with the practices and standards applicable to the central banks of the EU countries. Also, the project aimed to improve the NBM prudential regulations, oriented to affirmation of a sound and competitive banking sector.

The Governor of the NBR, Mugur Isărescu, seemed convinced that thanks to this project, the banking sector of the Republic of Moldova is on the right way. In this context, the Head of the NBR made an appeal to banks of Romania to enhance their presence in the Republic of Moldova.

The beneficiaries of the Twinning Project will be licensed banks and citizens of the Republic of Moldova, who will enjoy a reliable and stable banking system.

The implementation of the International Monetary Fund (IMF) program and the progress of the reforms in the banking system were the main topics discussed by the delegation of the Republic of Moldova during the Spring Meetings of the IMF and the World Bank Group. The event took place on 17-23 April 2017 in Washington, D.C..

The beneficiaries of the Project, apart from staff of the NBM and the licensed banks will be, ultimately, the citizens of the Republic of Moldova, who will enjoy a reliable and stable banking system.

The sixth meeting of the Steering Committee of Twinning Project on strengthening the National Bank of Moldova's capacity in the field of banking regulation and supervision in the context of EU requirements took place on 31 January 2017.

The project is carried out in accordance with the initial approved work plan, as an annex of the Twinning Contract. The main purpose of the project is to strengthen banking regulation and to develop the supervisory instruments in order to ensure an appropriate management of risks in banks in accordance with EU best practices in this regard.

National Bank of Moldova and the Moldovan Government have met the prior actions of the Memorandum of Economic and Financial Policies (MEFP) of the agreement at staff level between the Moldovan authorities and IMF experts concluded on 26 July 2016.

The International Monetary Fund is an international organization which aims at promoting international monetary cooperation, facilitating the expansion and balanced growth of international trade, as well as promoting exchange rate stability

The most important element of the legal framework related to the dialogue between the Republic of Moldova and the European Union is the Association Agreement

The forth meeting of the Steering Committee of Twinning Project on strengthening the National Bank of Moldova's capacity in the field of banking regulation and supervision in the context of EU requirements took place on 22 July 2016.

The legislation of the European Union includes the EU's founding treaties (the Treaty on European Union and the Treaty on the Functioning of the European Union) as well as the secondary legislation (directives, regulations etc.).

The third meeting of the Steering Committee of Twinning Project on strengthening the National Bank of Moldova's capacity in the field of banking regulation and supervision in the context of EU requirements took place on 22 April 2016.

The second meeting of the Steering Committee of Twinning Project on strengthening the National Bank of Moldova's capacity in the field of banking regulation and supervision in the context of EU requirements took place on 22 January 2016.

A number of activities for implementing the Capital Basel III Agreement and the Association Agreement signed with the EU by which the Republic of Moldova has committed to harmonize legislation with the EU provisions have been undertaken within the Twinning Project launched in July this year, which aims at strengthening the National Bank of Moldova's capacity in the field of banking regulation and supervision.

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