Programme for Strengthening the Central Bank Capacities in the Western Balkans with a view to the Integration to the European System of Central Banks
27/03/2019
On 26 March 2019, the Deutsche Bundesbank together with 17 national central banks from the European System of Central Banks and the European Central Bank (ECB) launched a Programme for Strengthening the Central Bank Capacities in the Western Balkans with a view to the Integration to the European System of Central Banks.
The final beneficiary institutions are the Bank of Albania, the Central Bank of Bosnia and Herzegovina, the Banking Agency of Republika Srpska, the Central Bank of the Republic of Kosovo, the National Bank of the Republic of North Macedonia and the National Bank of Serbia.
The programme aims to further strengthen the institutional capacities of the beneficiary institutions, notably by further enhancing their policy making instruments as well as instruments for the implementation of measures, by transferring the best international and European standards into national practices. The specific objective of this action is to upgrade the regulatory convergence and to further approximate to the EU standards, to strengthen the functions of the central banks and the banking supervisory system.
The Deutsche Bundesbank, together with 17 national central banks, and with contributions by the ECB, will organise an intensive regional training programme on key central banking and supervisory issues in the areas of: banking supervision, financial stability, financial consumer protection and financial inclusion, recovery and resolution, monetary policy, payment systems, statistics, compliance and EU integration, governance policies, accounting and internal audit. The lecturers will be experts in these areas from the ESCB national central banks and the ECB.
Within the programme, the Deutsche Bundesbank will cooperate with central banks of Belgium, Bulgaria, the Czech Republic, Greece, Spain, France, Croatia, Italy, Lithuania, Hungary, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia and Slovakia.
The European Union (EU) has allocated 2 million euros for this programme from its Instrument for Pre-Accession Assistance II (IPA II).