Chisinau brought together over 100 representatives of finance ministries and central banks from 16 countries that are part of the International Monetary Fund and World Bank constituencies for a summit on July 10-12. The central theme of the meeting is “Ensuring vigorous growth in a volatile and uncertain environment”, with topics related to mobilizing private capital and opportunities for innovation and growth driven by artificial intelligence, IPN reports.
In her opening remarks, National Bank of Moldova governor Anca Dragu said the Republic of Moldova has all the elements to establish itself as a strong economy in the European Union. “Today the Western world is looking at Moldova with growing confidence... Our country can change the European landscape through competitiveness and innovation,” stated Anca Dragu.
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Prime Minister Dorin Recean said that in a volatile environment, the authorities are motivated to work even harder on policies that will contribute to economic growth. “It is difficult, of course, because there is a dissonance between reality and people’s perceptions. Through our policies, we must address the problems faced by the citizens of the Republic of Moldova and increase their trust in state institutions,” stated the official, noting that the international financial institutions play a key role in promoting multilateral cooperation and globalization, which is the most suitable approach to facilitate the country’s economic development.
President Maia Sandu stated that in recent years, despite numerous challenges, Moldova has become more resilient and stronger, including thanks to the support of the international partners, such as the World Bank and the IMF. “Ensuring that we prevail means that economic growth and democracy are two sides of the same coin. Economic progress is crucial for strengthening support for democracy and democracy is the best foundation for creating a prosperous economy”.
“The IMF has worked to support Moldova, the countries of this constituency, and Europe during these difficult times. We will continue to offer our policy advice, capacity building, and lending to help Moldova and the rest of Europe address ongoing and future challenges,” said the International Monetary Fund’s Deputy Managing Director Kenji Okamura.
The World Bank Vice President for Europe and Central Asia Antonella Bassani noted that this event is a crucial moment for Moldova. “This Constituency Meeting is a unique opportunity to interact with our counterparts from constituency countries to focus and tackle issues of importance to the region. I am delighted this event is taking place here in Moldova at this crucial time for the country,” said Antonella Bassani.
The Republic of Moldova has been a member of the Constituency led by the Kingdom of the Netherlands and Belgium since 12 August 2012.
