On the occasion of Europe Day 2022, under the overarching theme of “Solidarity for Peace”, representatives of the EU financed twinning project team “Strengthening supervision, corporate governance and risk management in the financial sector” alongside the representatives of the beneficiary institutions – the National Bank of Moldova (NBM) and the National Commission for the Financial Markets (NCFM), have participated in the traditional event “European Village” held on 14 May 2022, in Chisinau in the Main National Assembly Square.

The event was an opportunity to present to the public at large the objectives of the twinning project and the technical assistance provided to NBM and NCFM in order to further develop and reform the financial sector of the Republic of Moldova according to EU best practices aiming to contribute to the efficient implementation of the Moldova-EU Association Agreement.

The objective of this project is to strengthen supervision, corporate governance and risk management in the financial sector and is implemented by a consortium formed by Banca Națională a României (BNR), De Nederlandsche Bank (DNB) and Lietuvos bankas (LB) with the support of the Financial Supervisory Authority (ASF) and National Authority for Consumer Protection (ANPC) from Romania. The project has a duration of 24 months and an allocated budget of almost 1.73 million EUR.