NBM OFFICIALS AT THE IMF/WB ANNUAL MEETINGS
On 11-13 October 2013, the Governor of the
National Bank of Moldova, Mr. Dorin Dragutanu
and the First Deputy Governor, Mr. Marin Molosag, attended the annual meetings
International Monetary Fund and World Bank held in Washington, as the Governor
Alternate Governor of the IMF for the Republic of Moldova. Minister of Finance
of the Republic
of Moldova, Mr. Anatol Arapu, had also attended the meetings.
The forum in question brought together governors of central banks, ministers of
development, representatives of private sector and civil society and the
In this context, NBM officials had a series of bilateral meetings with senior
these and other international financial institutions on some regional and global
Thus, the discussions with Mr. Christian Mulder, Senior Manager of the Reserve
Management Program of the World Bank, referred to the management of foreign
reserves in terms of volatility in global financial markets, particularly
determined by the U.S.
The meeting with the First Vice President of the EBRD, Mr. Phil Bennett, focused
on two topics:
the financial stability of the banking sector and the prospects for cooperation
of EBRD with
Moldovan banks, in the context of lack of transparency in shareholder structure
limitations of the NBM in fulfilling its duties.
The dialogue with Moldova's Executive Director in the IMF, Mr. Menno Snel,
future prospects in the negotiations for a new program between the IMF and the
The discussion with the Director of the European Department at the International
(IMF), Mr. Reza Moghadam, was focused on macroeconomic developments in the
Moldova, in the context of slow recovery and macroeconomic tensions in the
The meeting with the IMF Deputy Managing Director, Ms. Nemat Shafik, addressed
the need for
further structural reforms to ensure macroeconomic balance in the Republic of
Moldova and the
need for the creation of necessary conditions for sustainable economic growth.
The IMF/WB Annual Meetings offer the member states delegates the opportunity to
ideas on issues of macroeconomic development and cooperation in this respect
representatives of different socio-economic segments in the world.
of the National Bank of Moldova