The second meeting of EU-Moldova Subcommittee on Economic and other Sector Cooperation

On June 23, 2016, the second meeting of the EU-Moldova Subcommittee on Economic and other Sector Cooperation was held and was attended by more than 30 representatives from the Republic of Moldova side and European Union side.

The meeting which was a follow-up to the initial meeting of the EU-Moldova Subcommittee on Economic and other Sector Cooperation held on 24 July 2015 was convened by the Ministry of Economy of the Republic of Moldova and was organized by the EU-financed project “Technical Assistance for the Implementation of the DCFTA - Republic of Moldova”.

The meeting was co-chaired by Mihaela Gorban, Director of the General Trade Policies Directorate in the Republic of Moldova, and Heliodoro Temprano Arroyo, Head of Unit for Macro-Financial Assistance - Unit for Neighbourhood Countries.

In keeping with the agenda, the parties made comprehensive comments and exchanged views on the macroeconomic situations and outlook in the Republic of Moldova and the EU, on strengthening collaboration in assisting the RM Government to implement the DCFTA through support programmes with a focus on budgetary support operations, on Republic of Moldova’s growth, inflation, balance of payments trends, monetary and exchange rate developments, on structural reforms progress, anti-fraud control and on EU-Moldova cooperation in the field of statistics.

During the meeting, the Moldovan side provided a presentation on progress made in terms of adopting new legal and normative acts in the field of public finance management including external audit and public procurement, the public administration reform, capital market and the banking sector reform.

Following this Subcommittee, a mission of the International Monetary Fund (IMF) headed by Ivanna Vladkova-Hollar will pay a visit to Chisinau on July 5 to 15, 2016. The mission will initiate discussions on a possible IMF-supported program and will aim to reach an agreement on a set of policies to contribute the maintaining of the macroeconomic stability, to improve corporate governance, to increase transparency of shareholders in the banking sector and to stimulate economic growth of the country.