The European Union launches a major Twinning project to strengthen supervision, corporate governance and risk management in the financial sector of the Republic of Moldova.

The analysis and evaluation of recent macroeconomic information related to the external and internal environment, especially the recent acceleration of inflation, have led to an extraordinary meeting of the Executive Board of the National Bank of Moldova.

The Executive Board of the National Bank of Moldova (NBM), by its Decision 268 of 30.12.2021, decided to maintain, until December 31, 2022, the increase by 2 p.p. of the systemic risk buffer rate.

According to preliminary data, in Quarter III, 2021, the current account of the balance of payments recorded a deficit of US$ 400,38 million, the capital account registered a negative balance amounting to US$ 26,63 million, and the financial account recorded a net capital inflow of US$ 368,99 million. The international investment position amounted to US$ -5 692,27 million as of 09/30/2021, while the gross external debt totaled US$ 8 664,18 million.

According to preliminary data, in Quarter III, 2021, the current account of the balance of payments recorded a deficit of US$ 400,38 million, the capital account registered a negative balance amounting to US$ 26,63 million, and the financial account recorded a net capital inflow of US$ 368,99 million.

According to preliminary data, the international investment position recorded a net debit of US$ -5 692,27 million as of 09/30/2021 (or 43,4% as a ratio to GDP), 4,9% larger as compared to the end of 2020.

According to preliminary data, the gross external debt of the Republic of Moldova increased by 2,7% as compared to the end of 2020 and totaled US$ 8 664,18 million as of 09/30/2021, which is 66,1 % as a ratio to GDP (-4,5 p.p. as against 12/31/2020).

At its meeting of 16.12.2021, the Executive Board of the NBM decided to repeal the temporary measures related to the requirements for the capital conservation buffer for banks, introduced in April 2020, and to return to the pre-pandemic requirements for the capital conservation buffer.

In Octomber 2021, the monetary base increased by MDL 1,372.6 million (2.4%) compared to the previous month and amounted to MDL 58,519.6 million, being 12.3 percent higher than in Octomber 2020.

In November 2021, the currency in circulation (M0) amounted to MDL 30,819.6 million, increasing by MDL 1,000.7 million (3.4%) compared to December 2020.

In November 2021, new loans extended by banks totaled MDL 3,854.6 million, recording an increase of 32.0% compared to November 2020.

In 2020, the current account of the balance of payments recorded a deficit of US$ 892,51 million, the capital account registered a negative balance amounting to US$ 65,67 million, and the financial account recorded a net capital inflow of US$ 1 042,13 million. The international investment position amounted to US$ -5 428,24 million as of 12/31/2020, while the gross external debt totaled US$ 8 437,71 million.

In 2020, the current account of the balance of payments recorded a deficit of US$ 892,51 million, the capital account registered a negative balance amounting to US$ 65,67 million, and the financial account recorded a net capital inflow of US$ 1 042,13 million.

According to final data, the international investment position recorded a net debit of US$ 5 428,24 million as of 12/31/2020 (or 45,6% as a ratio to GDP), 8,3% larger as compared to the end of 2019.

According to final data, the gross external debt of the Republic of Moldova increased by 13,3% as compared to the end of 2019 and totaled US$ 8 437,71 million as of 12/31/2020, which is 70,8% as a ratio to GDP (+8,6 p.p. as against 12/31/2019).

The National Committee on Financial Stability met on December 8, 2021, during the ordinary meeting, to examine the topics related to the organization of the Committee’s work and the current situation of the component parts of the financial system.