Skopje, 19 January 2000
Press release of the NBRM
SIGNED NATIONAL PROGRAM OF THE EUROPEAN COMMISSION FOR TECHNICAL ASSISTANCE TO THE NATIONAL BANK OF THE REPUBLIC OF MACEDONIA
The European Commission, represented by Mr. Edgar Thielmann, responsible for the region of Western Balkans and the National Bank of the Republic of Macedonia, represented by the Deputy Governor, Mr. Gligor Bishev, signed an Agreement, with which the implementation of the of the National Program for technical assistance for the National Bank of the Republic of Macedonia commences. The Program provides funds for financing the expert assistance that the Central Bank of the Kingdom of Holland shall provide to the National Bank of the Republic of Macedonia. The Program envisages further improvement of the functions, operations and activities of the National Bank of the Republic of Macedonia, especially in the domain of instruments of monetary regulation, foreign exchange market, international accounting standards, prudential supervision and methodologies, preparation of a macroeconomic econometric model for the Macedonian economy and improvement of the procedures for internal audit. With that respect, the European Commission only provides the funds necessary for closing the financial construction of the Program, whereas the Central Bank of the Kingdom of Holland shall provide the necessary services and expertise in the aforementioned areas for the National Bank of the Republic of Macedonia. The value of the Program is EURO 0,5 million, and will be realized within a period of one year and a half, ending June 30, 2001.
Governor’s Office
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