Today, at the National Bank of the Republic of Macedonia, a Memorandum of Cooperation was signed between the National Bank of the Republic of Macedonia, the Ministry of Finance, the Insurance Supervision Agency, the Agency for Supervision of Fully Funded Pension Insurance and the Securities and Exchange Commission of the Republic of Macedonia.

The purpose of the Memorandum of Cooperation is the institutions responsible for regulating financial services to raise the level of financial literacy of the population in the Republic of Macedonia, with joint efforts and projects.

The signatories to the Memorandum agreed to form a Coordinating Body of the Regulatory Authorities for Financial Education in Macedonia. The role of the Coordinating Body will be: 

1.     To launch initiatives to the relevant institutions to adopt legislation that would support the idea of financial education of the population in the Republic of Macedonia;
2.     To define and propose joint financial education projects;
3.     To develop strategic documents;
4.     To organize, implement and evaluate surveys of the level of financial literacy in the country and the level of financial inclusion of the population in the financial system of the country;
5.     To organize working sessions, seminars, training courses and other events;
6.     To promote regional and international cooperation.
 

The development of strategic documents will be based on internationally accepted principles of financial education of the Group of 20 most advanced economies and other multilateral institutions and organizations.

Financially educated citizens will be able to make a proper and sound selection of financial products, thus contributing to a more stable and reliable financial system in the country.

Governor's Office