On January 25, 2008, Mr. Mihail Pop, Minister of Finance, met with Mr. Rick Dvorin, Deputy Regional Director of the Access to Credit Initiative (ATCI) and Steve Moody, Director of ATCI/Moldova. The development of securities market in the Republic of Moldova, as well as the issue of corporate and mortgage bonds were discussed at the meeting. Minister informed the guests on the development of Government Securities market and the necessities for the development of new instruments, which could absorb the big volume of remittances flooding the monetary market of Moldova. As to corporate and mortgage bonds issue, representing an area of assistance of the Project, it was established that parties will inform each other with respect to all activities and evolutions in this and other areas of mutual interest. The ATCI Project was launched by the United States Agency for International Development (USAID) and acts in Moldova since November, 2006. The purpose of the Project is to develop the financial sector of the Republic of Moldova by granting technical assistance in the areas of mortgage lending, financial leasing and securities market. Protocol and Press Service,
Tel: 24-37-75