The National Bank of Moldova (NBM) is a leading institution in 3 of the negotiation chapters for EU accession and participates in more than 10 negotiation chapters, Anca Dragu, Governor of the NBM, stated on Monday at a specialized event.
“In the Republic of Moldova, you know, we have started this beautiful adventure for accession to the European Union. In December 2023, shortly before taking over the mandate of Governor of the National Bank, the Council decided that the Republic of Moldova can begin negotiations for accession to the European Union. And that is what we have started. Even these days, colleagues from the National Bank are in Brussels and we are in this bilateral screening part. Before the start of concrete negotiation discussions on each chapter, there are 33 negotiation chapters, the National Bank is the leading institution in 3 of them and in general we participate in more than 10 negotiation chapters. This means that we are deeply involved and have leadership in important areas such as capital account liberalization, financial services, economic policy and fiscal-monetary and financial policy. So, the National Bank is an active entity in the negotiation process,” said Anca Dragu, according to Agerpres.
She also stated that the Republic of Moldova has a sustainable financing strategy, and is now in the process of creating the taxonomy.
“We will probably apply the criteria and rules of the European Union and I hope that by the beginning of next year we will have this taxonomy finalized. Just as in the countries of the European Union there is this Recovery and Resilience Mechanism, for the countries in the accession process there is a mechanism called the Growth Plan. And for the Republic of Moldova, this growth plan for a period of 3 years and worth 1.9 billion euros was recently approved, in March, at the level of the European Parliament. This means over 10% of the GDP for the current year, for example. That is, a fairly large amount that goes into a combination of reforms and investments, as the PNRRs are designed for the European Union states. And in this part of the reforms we also have the development of the taxonomy in order to be able to effectively move to financing these projects for sustainable financing”, explained Anca Dragu.