The DeMPA is a methodology for assessing public debt management performance through a comprehensive set of indicators spanning the full range of government debt management functions. The assessment is adjusted to the PEFA framework – Public Expenditure and Financial Accountability. The DeMPA tool presents 15 debt performance indicators, along with the scoring methodology. The DeMPA tool is supplemented by a guide that provides additional information on the use of indicators.
Address: 57/1, Mitropolit Banulescu Bodoni Str., office 313, 317.
Chisinau, Republic of Moldova.
Contact phone numbers: +373 22 232 963; 238 246; 238 247.
Fax: + 373 22 238 248.
E-mail: dlcminfin@arax.md
Raisa Cantemir – Head of the Credit Line Directorate.
Fax: +373 22 238 248.
E-mail: raisa.cantemir@arax.md
State On-Lending implies offering lending to on-lending beneficiaries from the funds obtained from state loans.
The external debt is an integral part of state debt representing the total amount of the due obligations and interest owed and outstanding, contracted on behalf of the Republic of Moldova by the Government through the Ministry of Finance from non-residents of the Republic of Moldova. Government securities issued to be placed on international financial markets which are purchased by residents of the Republic of Moldova are included in external debt.
The domestic debt is an integral part of state debt representing the total amount of the due obligations and the interest owed and outstanding contracted on behalf of the Republic of Moldova by the Government through the Ministry of Finance, from residents of the Republic of Moldova. Government securities issued to be placed on the domestic market of the Republic of Moldova which are purchased by non-residents are included in domestic debt.
In the Republic of Moldova, the Government Securities market was set up in 1995. Since then, the Ministry of Finance, as the issuer of Government Securities, in cooperation with the National Bank of Moldova, as the fiscal agent of the state, has undertaken several measures in order to develop a modern financial market.
The Ministry of Finance issues on the domestic market two types of Government Securities:
In accordance with the provisions of Law no. 419-XVI of 22 December 2006 on Public sector debt, central government Guarantees and central government On-Lending, the Ministry of Finance is responsible for the management of central government debt and central government guarantees.
For this purpose, the Ministry of Finance regularly publishes medium-term debt management program.
Public sector debt represents the total of the central government debt, debt of the administrative-territorial units, debt of the National Bank of Moldova, and debt resulting from the internal and external loans of the state/municipal enterprises and of the companies with full or majority public shares.
The Central government debt includes the current and due contractual obligations of the state contracted on behalf of the Republic of Moldova by the Government through the Ministry of Finance, in national or foreign currency.
