Announcement - Technical Assistance Project

12/09/2018

The Governor of the Central Bank of Montenegro and his associates met today with the Director of the Deutsche Bundesbank Centre for Technical Central Bank Cooperation, Martin Dinkelborg.

Mr Dinkelborg visited the Central Bank of Montenegro regarding the implementation of the upcoming regional program for central banks of the countries of the Western Balkans (Albania, Bosnia and Herzegovina, FYR Macedonia, Montenegro, Serbia and Kosovo), which will be managed by the Deutsche Bundesbank. This project, financed by the European Union, aims to strengthen monetary and financial stability in the region and to prepare beneficiary institutions for membership in the European System of Central Banks.

Governor Žugić expressed satisfaction with the fact that the project will be coordinated by the Deutsche Bundesbank, which is a guarantee of quality and success. "Our two institutions have outstanding bilateral cooperation in many areas," Žugić said, adding that the realization of the upcoming project will be very significant for the CBCG.

It is expected that the project, which will last 24 months, will start in January 2019.