The banking sector of the Republic of Moldova, together with the National Bank, went through many difficult stages, with system problems, and the period when the US$1 billion was stolen is the worst period for the National Bank. As a state, we must make sure that such frauds do not repeat, while the National Bank of Moldova should be an authentic regulator in the sector, President Maia Sandu stated in an online conference entitled “Post-pandemic economic recovery: realities and prospects” that was held to mark the 30th anniversary of the founding of the NBM, IPN reports.

The official said that in the current economic crisis context, the expectations from the National Bank are even bigger. They are related to firm interventions that would help the big or small businesses to resist and would also help the people in need or those who lost their jobs. “In fact, for economic recovery we need more accessible financing and financial packages created for the people and also a common effort that, alongside the support offered by the development partners, would mobilize the internal resources and the tens of billions of lei that exist in commercial banks,” stated Maia Sandu.

She noted that we need openness and involvement on the part of the national banking institutions, which should take part in national infrastructure projects, projects implemented in municipalities and communities. “The justice sector reform and the anticorruption measures remain a priority as elements that can guarantee the independence and credibility of a key institution for the state, like the National Bank. There should be support and consensus on the major reforms we need to do the next months and years,” said Maia Sandu.