The Project was implemented by the Polish Financial Supervision Authority to the benefit of the National Commission for Financial Markets (NCFM) and the National Bank of Moldova (NBM).

Implemening Authority (Donor): The Polish Financial Supervision Authority (UKNF).

Beneficiary: 

• National Commission for Financial Markets (Comisia Naţională a Pieţei Financiare - NCFM)
• National Bank of Moldova (Banca Naţională a Moldovei - BNM)

The Project implementation period: January – December 2014 (implementation of expert mission: June – November 2014).

The overall objective of the Project was to improve the quality of the Moldovan financial markets supervision and to support the multidimensional development of the National Commission for Financial Markets and the National Bank of Moldova. The Project was a continuation of expert support of Polish supervision for Moldova, initiated in 2013.

Project purposes: to build the capacity (improve qualifications of representatives) of the Moldovan financial market regulators by training ca. 90 employees of the National Commission for Financial Markets and the National Bank of Moldova.

The Project met current needs of the financial market supervision in Moldova, which were elaborated and submitted to the Polish Financial Supervision Authority (UKNF). The Project's assumptions were in line with the priority areas defined in strategic documents by Moldova as well as agreed with international institutions. 

The scope of the Project covered preparation and implementation of 6 training missions in Chisinau within the area of insurance, capital and banking supervision. Within the Project implementation UKNF experts developed and provided the Moldavian state administration bodies with the reports covering assessment of the institutional and legal framework along with recommendations or action plans aimed at improvement and further development of the financial market supervision of Moldova. In the course of Project implementation the UKNF representatives systematically adjusted the conducted activities to the current needs of the Beneficiary, in order to make the implemented activities more efficient for the Moldavian counterpart.

Financial resources of the Development Co-operation Project No 446/2014:

The Project was financed by the Polish development cooperation programme 2014 of the Ministry of Foreign Affairs of the Republic of Poland.

Project total value: 188 004,00 PLN.

Contact:                                                                                             
Joanna Lipowczan
Project Manager
e-mail: joanna.lipowczan@knf.gov.pl