The officials of the National Commission for Financial Markets (NCFM) had a meeting with the mission of the International Monetary Fund (IMF) who are visiting Chisinau on Friday, July 22.
The officials discussed progress achieved by the nonbank supervisory authority in implementing the measures included in the Memorandum on Economic and Financial Policies agreed upon by the Government of Moldova and the IMF in 2021.
In addition, information about development in the insurance and nonbank lending sectors has been shared at the meeting, through the lens of the NCFM’s measures and action while carrying out regulatory and supervisory powers to strengthen both the sectoral and market stability and sustainability.
It should be noted that the mission of the IMF will discuss in Chisinau with a number of Moldovan authorities first review under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements in Chişinău during July 20 – 29, 2022. The mission will discuss the recent economic developments and outlook, progress in program implementation, and risks facing the economy.