The National Bank of the Republic of Macedonia and the ECB presentend the EU-funded cooperation programme
The National Bank of the Republic of Macedonia and the ECB presentend the EU-funded cooperation programme
Today, the Eurosystem cooperation programme with the National Bank of the Republic of Macedonia (NBRM), funded by the European Union, was presented to the public, following the first meeting of the programme’s Steering Committee in Skopje. The presentation was given by Dimitar Bogov, Governor of the NBRM; Aivo Orav, Head of the Delegation of the European Union to the Republic of Macedonia; and Frank Moss, Director General of the International and European Relations at the European Central Bank (ECB).
The nine-month needs-analysis programme will identify areas in which, by revising its legal framework, adopting and implementing new policies and practices, and training staff, the NBRM could make progress towards meeting EU central banking standards over the coming years. The findings of the needs analysis will allow the NBRM to design its future strategy for joining the European System of Central Banks, in the process of accession of the Republic of Macedonia to the European Union.
The programme, which was launched on 15 October 2012, is being implemented by the ECB in partnership with ten central banks of the Eurosystem: Deutsche Bundesbank, Eesti Pank, the Central Bank of Ireland, the Banco de Espana, the Banca d’Italia, the Central Bank of Malta, De Nederlandsche Bank, the Oesterreichische Nationalbank, Banka Slovenije and Narodna banka Slovenska. Българска народна банка (Bulgarian National Bank) will also provide experts in support of the programme. The programme is financed by the European Union, which has allocated €405,000 from the Instrument for Pre-Accession Assistance, and co-financed by the NBRM, which will provide €45,000.