The official reserve assets exceeded 5.1 billion euros at the end of the year

By the end of the year, the official reserve assets of the Republic of Moldova reached 5.1 billion euros. The National Bank of Moldova specifies that this is an increase of 23.4 million euros compared to the end of November, when they were 5.08 billion euros, reports IPN.

According to BNM, the increase in official reserve assets was determined by the revenues in favor of the Ministry of Finance, which totaled 49.10 million euros. These include the budget support disbursed by the French Development Agency (45 million euros), loans and grants for investment projects (3.15 million euros), and budget support provided by the International Development Association (0.95 million euros).

Also contributing were the net entries pertaining to the mandatory foreign currency reserves of licensed banks (13.58 million euros), revenues from managing foreign currency reserves (12.64 million euros), net entries in the accounts of the Office for the Management of External Assistance Programs (2.61 million euros), etc.

At the same time, during the reporting period, the decrease in official reserve assets was determined by the depreciation of the exchange rates of the currencies that make up the foreign reserves in relation to the euro, which had an impact of 32.92 million euros. Also, the decrease was determined by payments related to the service of external public debt (17.89 million euros), payments made by the Ministry of Finance (3.60 million euros) and other net outflows (0.33 million euros).



The government led by Vasile Tofan was invested on Tuesday by the Parliament, with the vote of 53 PAS deputies. In the plenary, the designated Prime Minister presented his priorities for the new mandate and received encouragement from the parliamentary majority for the proposed direction. At the same time, the opposition warned of the difficulties that the announced reforms might encounter, reports IPN.

The Vice President of Parliament and PSRM deputy, Vlad Batrincea, urged Tofan to bring order to state enterprises and the appointment system, but expressed skepticism that the promised changes could be implemented. “We are not very optimistic. We do not believe that the system will allow you to achieve what you have beautifully declared today,” said the socialist deputy.

The deputy of the Alternativa faction, Ion Chicu, asked the designated prime minister how he will proceed if the “system” opposes the announced reforms.

In response, Vasile Tofan stated that he is aware that achieving results will require compromises and that he wants to avoid confrontations that could block the Government’s activity. “I want to deliver results. This means that sometimes I will have to make compromises. But I would like to avoid the moment when I have to pose the problem – either me or the decision – because that would be a failure of this government,” Vasile Tofan affirmed.

Criticism also came from the Communist Party. The leader of the faction, Diana Caraman, said that changing the prime minister does not represent a change in governance.

Alexandru Versinin, a deputy of the Home Democracy Political Party, stated that citizens are expecting concrete results after five years of PAS governance and questioned the level of trust that the current parliamentary majority still enjoys.

On the other hand, the leader of the Our Party faction, Renato Usatii, appreciated the message conveyed by the appointed prime minister and said he would give him time to prove he can fulfill his promises. “You have a six-month deadline to demonstrate all your capabilities and then the day may come when we might have to protest to keep you,” Renato Usatîi declared.

Dorian Istratii, a deputy of the Party of Action and Solidarity, rejected the opposition’s criticism and stated that it would not support the new Government for political reasons. He affirmed that the opposition parties would not be interested in reforming justice, the operation of anti-corruption institutions, strengthening energy independence, and developing a strong national army.

The Vice President of the Parliament and leader of the PAS faction, Doina Gherman, stated that the vote for the new cabinet is about the future of the country, not just the political stake of the moment.

After the vote of confidence is granted, the members of the new cabinet are to take the oath in front of the country’s president.

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The official reserve assets exceeded 5.1 billion euros at the end of the year

By the end of the year, the official reserve assets of the Republic of Moldova reached 5.1 billion euros. The National Bank of Moldova specifies that this is an increase of 23.4 million euros compared to the end of November, when they were 5.08 billion euros, reports IPN.

According to BNM, the increase in official reserve assets was determined by the revenues in favor of the Ministry of Finance, which totaled 49.10 million euros. These include the budget support disbursed by the French Development Agency (45 million euros), loans and grants for investment projects (3.15 million euros), and budget support provided by the International Development Association (0.95 million euros).

Also contributing were the net entries pertaining to the mandatory foreign currency reserves of licensed banks (13.58 million euros), revenues from managing foreign currency reserves (12.64 million euros), net entries in the accounts of the Office for the Management of External Assistance Programs (2.61 million euros), etc.

At the same time, during the reporting period, the decrease in official reserve assets was determined by the depreciation of the exchange rates of the currencies that make up the foreign reserves in relation to the euro, which had an impact of 32.92 million euros. Also, the decrease was determined by payments related to the service of external public debt (17.89 million euros), payments made by the Ministry of Finance (3.60 million euros) and other net outflows (0.33 million euros).


The official reserve assets exceeded 5.1 billion euros at the end of the year

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1 IANUARIE, 2025
1 IANUARIE, 2025