ORDER OF THE GOVERNMENT OF THE REPUBLIC OF MOLDOVA

of March 30, 2015 No. 124

About ensuring banking system stability of the Republic of Moldova

Based on Item f) parts (1) Article 3 and part (2) Articles 3, Item c) Article 33 and part (1) article 42 of the Law on debt of the public sector, the state guarantees and the state recrediting No. 419-XVI of December 22, 2006 (repeated publication: The official monitor of the Republic of Moldova, 2014, Art. No. 397-399, 704) and based on the protocol No. 3 of March 26, 2015 of National committee on financial stability DECIDES: the Government

1. Accept the offer of National committee on financial stability on provision by National Bank of Moldova to licensed banks of the emergency credits to the amount to 5340 million lei for the purpose of ensuring stability of financial system and release of the state guarantee (guarantees) for guaranteeing the emergency credits issued by National Bank of Moldova.

2. Issue to the Ministry of Finance the state guarantee within 2 working days from the date of the publication of this resolution in the conditions provided by the Order of the Government No. 938-11 of November 13, 2014.

3. Provisions of the Order of the Government No. 938-11 of November 13, 2014 are applied respectively and this resolution.

4. In the Order of the Government No. 938-11 of November 13, 2014. "About ensuring macroeconomic stability in the context of regional environment" to make the following change:

in Item 3 of the word "till 4 months from date when the guarantee entails legal consequences" shall be replaced with words "in time, established by the Ministry of Finance in coordination with National Bank of Moldova".

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