Moldova's Ministry of Finance, working with the National Bank of Moldova, has obtained government approval for a national sustainable finance taxonomy framework that defines which economic activities qualify as sustainable in line with European principles. The taxonomy is intended to guide investment towards environmentally friendly areas and can be used by financial sector entities including banks, non-bank credit organisations and insurance companies. Implementing and reporting requirements for financial sector entities will be set later by the National Bank of Moldova and the National Commission for Financial Market through secondary regulations.