Moldova's National Commission for Financial Markets held a meeting with the International Finance Corporation (World Bank Group) to agree priorities for continued IFC support in aligning Moldova’s capital markets regulatory framework with European Union requirements, including the sustainable finance agenda. Discussions covered transposition priorities for EU sustainable finance legislation, with a focus on environmental, social and governance (ESG) regulations and implementing an EU-style taxonomy in Moldova, including related non-financial reporting obligations. The Chair of the National Commission for Financial Markets, Dumitru Budianschi, noted that the authority is tasked with transposing the full regulatory framework within its remit by 2026 and highlighted the role of IFC support in meeting this objective and implementing sustainable finance rules. IFC’s Moldova country officer, Galina Cicanci, indicated that the IFC team would hold additional meetings during the week with financial sector representatives and other stakeholders, including ministries, financial institutions, associations, local NGOs and development partners, to assess needs for a normative framework fully aligned with EU regulation.
National Commission for Financial Markets 2025-03-05
Moldova's National Commission for Financial Markets meets IFC to prioritise EU-aligned capital markets and sustainable finance rule transposition
Moldova's National Commission for Financial Markets and the International Finance Corporation (IFC) agreed to align Moldova’s capital markets regulatory framework with EU requirements, focusing on sustainable finance and ESG regulations. The Commission aims to transpose the full framework by 2026, with IFC support deemed crucial. Additional meetings with stakeholders are planned to assess needs for a normative framework aligned with EU standards.