German Sparkassenstiftung Moldova invited Mr. Rüdiger Rurainsky, Senior Consultant, former Head of Group Audit, ProCredit Holding (Frankfurt, Germany) for a consulting mission in Chisinau, with the purpose to support the development of Internal Control and Audit Function capacities within the Central National Association of Savings and Credit Associations (CNASCA).

This cooperation is based on a Memorandum of Understanding (MoU) between German Sparkassenstiftung Moldova and CNASCA, signed in January 2022. In the framework of this MoU CNASCA receives Technical Assistance for strengthening its institutional and operational capacity. This cooperation between GSM and CNASCA is one central element of our project in the medium- and long-term perspective, as it aims to the modernization and an increase of effectivity of the structure and performance of the SCA sector, as one essential part of the financial system in rural areas in Moldova.