Governor of National Bank of Moldova attends constituency meeting of IMF, World Bank: inflationary pressures, financial stability on agenda

Monetary policy in the current geopolitical context, inflationary pressures and financial stability in the European and global space have been the main topics analyzed at the meeting of the Belgian-Dutch Constituency of the International Monetary Fund (IMF) and the World Bank (WB), of which Moldova is a member. The event brought together governors and officials of central banks from the constituency member countries. Moldova was represented by Governor of the National Bank of Moldova (BNM) Anca Dragu.

During the discussions, Anca Dragu pointed out that the recent launch of technical negotiations on Moldova’s EU accession, for all six clusters of chapters, confirmed the country’s progress in the EU accession process. In the context, the BNM governor highlighted the country’s accession to the Single Euro Payments Area (SEPA) as a concrete example Moldova is effectively building the financial infrastructure of a modern economy integrated into the EU.

“SEPA generates tangible benefits for citizens and the business community, with savings of approximately 6.1 million euros from transactions in the first 150 days,” emphasized Anca Dragu.

The BNM governor stressed that Moody’s Ratings’ decision to upgrade Moldova’s sovereign rating from B3 to B2, while maintaining a stable outlook – the best level in the last 25 years – signaled increased investors’ confidence. The new rating reflects progress in implementing reforms and facilitates more favorable external financing.

Referring to the macroeconomic framework, Anca Dragu underlined that economic prospects remain sensitive to external shocks, and the BNM is closely monitoring inflation developments and, if necessary, will intervene with appropriate monetary policy decisions to maintain prices’ stability.

The Belgian-Dutch IMF Constituency – led by the Kingdom of the Netherlands and Belgium – serves as a forum for coordinating positions among member countries, facilitating the adoption of common approaches to global economic issues and strengthening multilateral cooperation. It includes Andorra, Armenia, Belgium, Bosnia and Herzegovina, Bulgaria, Cyprus, Croatia, Georgia, Israel, Luxembourg, North Macedonia, Montenegro, Romania, the Netherlands and Ukraine.

The discussions are taking place as part of the IMF and World Bank Spring Meetings, held in Washington, D.C., USA, on April 13-18, 2026.