OREANDA-NEWS. August 13, 2012. The document will be approved by the Administrative Board of the NBM after public consultation on it, which will last until August 22.

As the president of the National Bank of Moldova Dorin Dragutanu says, the Strategic Plan 2013-2017 for the NBM was developed based on international best practices and is aimed at consolidating all the activities of the National Bank. At the same time, the Strategic Plan for the NBM ensures transparency in decision making and will be useful for all stakeholders: licensed banks, financial institutions and organizations, media and general public, etc., because the document defines the current state, sets plans for NBM, allows assess the risks and consequences of future scenarios, contains long-term priorities of the National Bank.

Among the top ten priorities identified by NBM are: price stability, increased confidence in the national currency, development of the oversight function of the NBM, promotion of non-cash payments and reduction of cash in circulation, consolidation of functions of financial stability, improvement of external communication, strengthening the image and credibility of the NBM, increased efficiency of National Bank operations, optimization of human resource management, development of corporate culture.

The strategic plan of the NBM to 2017 sets out clear strategic objectives and provides a set of concrete measures to achieve them. It allows to reduce risks associated with the activities of the NBM, to improve governance in unexpected situations, rationally allocate available resources, to strengthen public confidence in the NBM, etc.

The Strategic Plan for the NBM provides answers to possible future challenges will allow successfully meet challenges and adapt to possible changes and increase the contribution of the NBM to the economic development of Moldova. In particular, the document provides for strengthening of control over inflation, promote non-cash payments, bringing the requirements of the prudential supervision of the banking sector to international standards, upgrade the information system in accordance with best practices in information technology, improve efficiency of operations of the NBM and implement other measures aimed at increase public confidence in the Moldovan citizens to the National Bank.