“For the Republic of Moldova, the development of the capital market is a condition for more efficient financing of the real economy, long-term investments and access of the population to housing. A more transparent capital market and a closer connection with the European financial space can turn housing finance into a lever of inclusiveness and European convergence”, said Ms. Anca Dragu.
The Governor noted that “the mortgage market in the Republic of Moldova has grown in recent years, which confirms the interest in housing finance and the need for sustainable long-term financing mechanisms”. In this context, secured bonds can contribute to the refinancing of mortgage portfolios and to the expansion of the investor base, which can lead to better conditions for housing lending.
At the same time, Ms. Dragoo stressed that “housing affordability must be considered from the perspective of financial stability, market development and energy efficiency, while credit standards, consumer protection and effective supervision must be respected.”
The link between housing finance and sustainable development was emphasized. “The development of environmentally friendly financial products, including loans for energy-efficient housing or for the renovation of housing stock, can help both to reduce long-term costs for households and to channel investments towards climate and energy-related goals,” Dragoo emphasized in her speech.
