National Bank of Moldova and IMF discuss proposed three-year non-financial programme and 2025 FSAP follow-up work

The National Bank of Moldova reported that Governor Anca Dragu held an official meeting with Marnix van Rij, the International Monetary Fund’s Alternate Executive Director for Moldova’s constituency, during his 15–17 March working visit to Chișinău, focusing on continued cooperation as the authorities seek to initiate a new three-year IMF programme without a financing component. Discussions centred on shifting the relationship toward a policy-focused partnership covering macroeconomic stability and structural reforms. Under the prospective programme, cooperation between the National Bank of Moldova and the IMF would target strengthening monetary policy, implementing the 2025 Financial Sector Assessment Program (FSAP) recommendations, reinforcing the central bank’s independence, and improving internal governance, with an emphasis on aligning Moldova’s monetary and financial policy framework with standards associated with future European Union membership. The meeting also addressed aligning the financial framework with the EU acquis and establishing coordination between the new IMF programme and the Reform Agenda under Moldova’s 2025–2027 Growth Plan to better align priorities and avoid overlaps in reform delivery. The release noted that, on 27 February 2026, the IMF Executive Board took note of the authorities’ interest in a new arrangement and underlined that maintaining engagement through an IMF programme would be important for sustaining reform momentum and supporting EU accession.