Moldovan parliament speaker meets IMF mission

Chisinau, 25 May /MOLDPRES/-Parliament Speaker Andrian Candu today held a meeting with the team of the International Monetary Fund (IMF), headed by Ivanna Vladkova-Hollar, on a short working visit to Chisinau, on 23-27 May 2016, the parliament’s communication and public relations department has reported.

The officials approached the need to provide the National Bank of Moldova (BNM) with legislative support to ensure its proper functioning, including the necessary intervention tools and leverages in the banking sector. They have also touched upon the legislative amendments to the method used to appeal BNM’s actions and decisions in court and the important need of a holistic approach to ensure Moldova’s financial-banking stability.

Andrian Candu and Ivanna Vladkova-Hollar broached the actions taken by authorities, including draft laws to be approved by the end of the current session. They have also discussed the implementation of the financial-banking, justice, anti-corruption and energy reforms.  

Candu thanked the IMF working mission for the technical expertise it had offered Moldovan authorities, to help consolidate BNM’s capacities and improve its tools, which are a key-element in restoring the confidence in the Moldovan financial-banking system.

The speaker also assured that the Moldovan parliament and government continued to take efforts to sign a new programme with IMF and implement the agenda of reforms they had committed towards Moldova’s citizens and development partners.  

“We are firmly determined to continue the implementation of reforms, whereas cooperation with IMF is very important to ensure Moldova’s sustainable macro-economic development and financial stability. Presidential elections due in the autumn of 2016 are a very important exercise for Moldova. However, it will not affect the agenda of the parliament and government, which will continue to work on fulfilling the commitments made in the road map for 2016,” Candu said.

For her part, Ivanna Vladkova-Hollar emphasized the important need to improve and adjust the national legislative framework, in order to fill in some gaps and exclude any interference in the enforcement of decisions related to monitoring and regulation of banks, ensuring transparency of final shareholders and enforcement of risk management mechanisms by commercial banks. The IMF official reiterated the availability to continue talks with Moldovan authorities and provide them with technical expertise to back Moldova’s economic growth and financial stability.

(Editor L. Alcaza)