Republic of Moldova participated in the Annual Meetings of the IMF and the World Bank Group in Washington D.C.

Wed, 18/10/2017 - 14:09 |

The Republic of Moldova’s delegation, led by Octavian Armașu, the Minister of Finance and Sergiu Cioclea, the NBM Governor, carried out a visit to Washington to participate in the Annual Meetings of the International Monetary Fund (the IMF) and the World Bank Group that took place on 10-15 October 2017.

During the visit, the representatives of Chisinau authorities had a number of meetings with the IMF, the World Bank, the European Commission, the EBRD, and the US Treasury officials to discuss about the implementation of the IMF program, the progress recorded by the reforms in the financial and banking system and the measures taken to ensure the macroeconomic stability in the country.

Particularly, the delegation from Moldova discussed with Mitsuhiro Furusawa (Deputy Managing Director of the IMF), Poul Thomsen (Director of the IMF’s European Department), Ben  Kelmanson (Head of the IMF Mission to Moldova), Anthony De Lannoy (IMF’s Executive Director for the Republic of Moldova), Cyril Muller (World Bank Vice President for Europe and Central Asia), Satu Kahkonen (World Bank Country Director for Belarus, Moldova and Ukraine), Elena Flores (Director for international economic and financial relations in the European Commission) and Katarina Mathernová (Deputy Director-General for Neighbourhood Policy and Enlargement Negotiations), Alain Pilloux (Vice President of the European Bank for Reconstruction and Development), Betsy Nelson (Vice President Risk and Compliance and Chief Risk Officer, European Bank for Reconstruction and Development (EBRD)), Francis Malige (Managing Director for Eastern Europe and Caucasus at the European Bank for Reconstruction and Development (EBRD)).

Additionally, the Republic of Moldova’s officials participated in the Annual IMF-World Bank Group Constituency Meeting, chaired by Belgium and the Netherlands, gathering 15 countries from Benelux region, Easter Europe, Caucasus and Israel.

A series of meetings dedicated to the Republic of Moldova’s investment framework were organized with the support of the International Finance Corporation (IFC), the European Investment Bank (EIB), the Council of Europe Development Bank (CEB), J.P. Morgan, Citibank, Intesa San Paolo etc. The Republic of Moldova’s delegation participated also in bilateral discussions with the officials from the Netherlands, Romania, Ukraine, Latvia, and with the representatives from the Millennium Challenge Corporation. A work session with the Kroll and Steptoe & Johnson teams was held together with the representatives of the World Bank Stolen Asset Recovery Initiative.

The Republic of Moldova’s delegation met, also in Washington D.C., with the representatives of the diaspora and discussed about the economic situation in the country, the public administrative reforms, and the reorganization of the financial-banking system.

Veronica Vragaleva, Deputy Minister of Finance, Vladimir Munteanu, First Deputy Governor of the NBM and Cristina Harea, Deputy Governor of the NBM were also part of the delegation.