Financial System of Moldova Sustained Consequences of Crisis
OREANDA-NEWS. December 18, 2008. As the Prime Minister of Moldova Zinaida Greceanii has declared in the parliament during presentation of the report on implementation of the governmental program “Progress and integration”, commercial banks of Moldova have not suffered big losses and are in more advantageous position from the point of view of risk, solvency and liquidity indicators.
As of late September, adverse assets made only 2,9 % of the total, capital adequacy-30,8% and the share of liquid assets in the total amount – 31,4 %. According to the prime minister, this situation was largely due to significant currency reserves of the country.
As Zinaida Greceanii has underlined, measures undertaken by NBM have also contributed to the stability of the financial system. Among other factors the head of the government named successful implementation of IMF Cooperation Program.
Now the experts of the fund are staying in Moldova for assessing stability of macroeconomic situation in the country. They also call on continuation of tough budgetary-tax and monetary policy.
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