Eurosystem begins to implement an EU funded programme with the National Bank of the Republic of Macedonia

Skopje, 7 December 2012

Press release of the NBRM

Eurosystem begins to implement an EU funded programme with the National Bank of the Republic of Macedonia

 
 
 On 6 December 2012, an inaugural meeting was held, chaired by Dimitar Bogov, Governor of the NBRM, within the "NBRM needs analysis programme" financed from the EU Instrument for Pre-Accession Assistance. The European Central Bank (ECB), in partnership with Eurosystem national central banks, has begun to implement the cooperation programme with the National Bank of the Republic of Macedonia (NBRM). The “nine-month needs analysis programme" will identify areas in which the NBRM could make progress towards achieving EU central banking standards over the coming years. The outcome of the programme will allow the NBRM to design its future strategy for joining the European System of Central Banks, and eventually the Eurosystem, by revising its legal framework, adopting and implementing new policies and practices or training staff. At the meeting, programme partners agreed on the methodology to be used in carrying out the needs analysis, which will cover ten different areas: accounting, banknotes, economic analysis and research, human resources, information technology, internal audit, legal services, monetary and exchange rate policy, payment systems, and statistics. The programme, which was launched on 15 October 2012, will be implemented by the ECB in partnership with the 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 for the programme. The programme is funded by the European Union, which has allocated €405,000 from the Instrument for Pre-Accession Assistance, and co-financed by the NBRM, which provides €45,000.

                                                                                                                                                 Governor's Office