The National Bank of Serbia, together with partners from the European System of Central Banks and the region, has successfully completed another project under the auspices of the European Union’s IPA pre-accession funds.
The project aimed to further improve compliance with European Union regulations and standards and international standards by strengthening the functions of central banks and banking supervision systems in the Western Balkans.
As it was announced today, in the previous 33 months, the Bundesbank, together with 19 central banks of the European System of Central Banks, the European Central Bank and the European Commission, implemented the project “Program for strengthening the capacity of central banks in the Western Balkans.”
“Despite the coronavirus pandemic, all project goals have been met, and the National Bank of Serbia has once again shown its firm commitment to European values and central banking standards in the European Union by participating in this project,” the NBS Governor’s Office said.
The project included activities in the areas of banking supervision, financial stability, consumer protection and financial inclusion, restructuring, monetary policy, payment systems, statistics, compliance and European integration, governance policy, accounting and internal audit.
The implemented activities additionally strengthened the institutional capacities, development of action plans and guidelines, as well as cooperation between colleagues, central bankers, who are more ready to face all future challenges in the domestic and international environment, the NBS assessed.
It was assessed that the NBS has further strengthened its negotiating capacity within this project within 11 negotiating chapters in which it has an important role, Dnevnik reports.
