Since May 1999 the IMF, jointly with the World Bank, undertakes the
Financial Sector Assessment Program (FSAP). It aims to increase the
effectiveness of efforts to promote the soundness of financial
systems in member countries. Resilient, well-regulated financial
systems are essential for macroeconomic and financial stability in a
world of increased capital flows. ROSCs in
banking and financial sector areas are usually carried out in the
context of FSAP.
The FSAP also forms the basis of Financial System Stability
in which IMF staff address issues of relevance to IMF surveillance,
including risks to macroeconomic stability stemming from the
financial sector and the capacity of the sector to absorb
A FSAP team visited Moldova in April 2004 and in May 2004.
Supported by experts from a range of national agencies and
standard-setting bodies, work under the program seeks to identify
the strengths and vulnerabilities of a country's financial system;
to determine how key sources of risk are being managed; to ascertain
the sector's developmental and technical assistance needs; and to
help prioritize policy responses.
Another FSAP team visit was in October 2007, following which a
FSSA Update was published.
IMF FSSA REPORTS FOR
Republic of Moldova: Financial System Stability Assessment
February 29, 2016
Series: Country Report No. 16/70,
+several more reports from the same FSAP package
Moldova: Financial System Stability Assessment, including Reports on
the Observance of Standards and Codes on the following topics:
Monetary and Financial Policy Transparency, Banking Supervision
(February 23, 2005 - Country Report No.
Republic of Moldova: Financial
System Stability Assessment - Update
(August 7, 2008 - Country Report No.