The National Bank of Moldova concluded its second annual international conference on European Union convergence, held with the National Bank of Romania and the Bank of France. The discussions emphasized that Moldova’s integration requires coordinated fiscal, monetary and structural policies, supported by central bank independence, credible price stability, stronger institutions and financial markets that channel banking sector liquidity into productive investment. Participants examined monetary and exchange rate frameworks for preaccession economies, the need for fiscal buffers and medium term planning, and the role of conditional EU financing in sustaining reforms during economic slowdowns. The conference also highlighted tangible gains from financial integration. During Moldova’s first 11 months of operational participation in the Single Euro Payments Area, citizens and companies made about 1.1 million transfers at an average cost of roughly EUR 1, generating estimated savings of EUR 15 million. European Commissioner for Economy and Productivity Valdis Dombrovskis also noted that more than EUR 500 million of the EU’s EUR 1.9 billion Growth Plan for Moldova had been made available.
National Bank of Moldova highlights coordinated fiscal and monetary policies as key to EU convergence
The National Bank of Moldova’s annual conference emphasized coordinated fiscal, monetary and structural reforms as the foundation for EU convergence. Discussions focused on central bank independence, credible price stability, fiscal buffers and investment financing. Moldova’s first 11 months in the Single Euro Payments Area generated about 1.1 million transfers and estimated savings of EUR 15 million.