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The World Bank is interested in loans for the economy

World Bank Group experts at the final stage of Moldova's Financial Sector Assessment Program (FSAP) held a series of meetings with the local expert community on loans to the economy, Logos Press reports.
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The World Bank is interested in loans for the economy

The announced topics of the meetings were agricultural finance in the context of climate risks and access to finance for SMEs in Moldova. The relevant units of the Ministry of Economy and Digitalization, the Organization for Enterprise Development (ODA), the Scientific Institute for Economic Research (INEI) participated in the discussions.

The World Bank experts were interested in how things are going with the involvement of investors in sustainable agricultural financing and “green” loans, issuance of green sovereign bonds and financial products for the retail segment. Also, whether lenders have an understanding of the fiscal risk associated with natural phenomena and how it is actually addressed. The National Bank has started preparing a regulatory framework on green loans to the economy and how financial institutions can provide them.

In the context of lending to SMEs, the availability of alternative sources of financing, the main obstacles and opportunities for expanding SME financing are becoming leading topics.

“We can talk about the possibility of expanding the system of guarantees when granting loans and eliminating the risks of non-repayment of funds. In the course of the discussion, the question was raised about the possibility of using alternative documents to confirm the solvency of enterprises, in addition to the traditional documents confirming financial performance,” said Olga Timofey, a researcher at the National Research Institute of Economic Research and Development.


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