Phase two of the NBRM Needs Analysis Program to join the European System of Central Banks and the Eurosystem, funded by the Instrument for Pre-Accession Assistance of the European Union, which began to be implemented on 15 October 2012, was completed.
Press release of the NBRM
Phase two of the NBRM Needs Analysis Program to join the European System of Central Banks and the Eurosystem, funded by the Instrument for Pre-Accession Assistance of the European Union, which began to be implemented on 15 October 2012, was completed.
Today, Skopje hosted the second meeting of the Program's Steering Committee, which included representatives of all parties involved in the project: the European Central Bank and the Eurosystem, the EU Delegation and the National Bank of the Republic of Macedonia, marking the official completion of the second phase of the project implementation. During the first three months of the year, 16 bilateral meetings were held between experts from the Eurosystem and the NBRM in all 11 areas covered by the project (economic analysis and research, monetary policy and exchange rate policy, payment systems, statistics, human resources, information technology, internal audit, legal services, accounting, banknotes and publishing and librarianship). The implementation of the second phase took 24 experts from 11 national banks of the European System of Central Banks who, based on open and excellent cooperation with the NBRM experts, analyzed the current institutional and operational framework and made an assessment of the necessary legal and organizational changes, as well as the human resources needed to achieve European standards in the respective areas.
The successful completion of this phase is a basis for launching the third and final stage, i.e. developing a synthesis report by the ECB on the assessed needs of the NBRM, which will present findings related to the existing gaps and recommendations for addressing such gaps. The findings in the report will be used to define the future strategy of the NBRM in terms of joining the European System of Central Banks and the Eurosystem, which is a part of the process of accession of the Republic of Macedonia to the European Union.
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