Moldova's Ministry of Finance has published for public consultation a draft law to approve the National Strategy for Capital Market Development for 2025–2030, which was prepared by the National Commission for Financial Markets. The strategy sets out a plan to create a more dynamic, transparent and investor-attractive capital market environment to support the country’s economic development. The strategy’s stated objectives include improving access to financing by strengthening companies’ ability to raise funds through the capital market, broadening the investor base to increase demand and liquidity, expanding small and medium-sized enterprises’ access to the capital market, modernising market infrastructure and ecosystem capabilities, and aligning the legal and regulatory framework with European Union standards and rules. It also includes an assessment of the current capital market, available instruments and market participation, and identifies strengths, weaknesses and regulatory gaps that constrain development, with a focus on diversifying funding sources for the corporate and public sectors, investor protection and higher transparency. Proposals and objections can be submitted until 17 February 2025. After completion of inter-agency review and the public consultation process, the draft law is expected to be considered by the Government and then forwarded to Parliament.

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