Parliament adopts national strategy for capital market development for next five years

The national strategy for capital market development in the Republic of Moldova for 2025 - 2030 was adopted today by Parliament with the vote of 56 deputies.

The document focuses on diversifying funding sources for both the corporate and state sectors. It also aims to facilitate access to capital for small and medium-sized enterprises, as well as protecting investors' rights and increasing transparency. The authors claim that the implementation of this strategy will contribute to the sustainable economic development of the Republic of Moldova.

The strategy contains five general objectives and 20 priority directions, which aim to address the most important constraints and impediments in the development of the capital market in the Republic of Moldova. Thus, the document refers to increasing companies' access to long-term financing through the use of capital market instruments, expanding the pool of active investors, modernizing capital infrastructure, developing new instruments in the capital market, harmonizing legislation in line with the European Union accession process.

According to the project authors, the adoption and implementation of a new development strategy for the capital market is necessary to respond to current issues through legislative reforms, as well as promotion and modernization measures for the infrastructure.

The Strategy was set up by the National Financial Market Commission, which will present to Parliament semiannual and annual reports on the implementation of the national capital market development strategy.