Meeting between Angelovska-Bezhoska and Osmani: the National Bank is committed to the EU integration processes
The Governor of the
National Bank, Anita AngelovskaBezhoska met the Deputy Prime Minister in charge
of European Affairs, BujarOsmani. The meeting followed this year’s Economic and
Financial Dialogue between the European Union (EU) and the Western Balkans and
Turkey, where conclusions were drawnwith positive assessments of our monetary
policy setup, and in general, the National Bank’sendeavorsto fulfill the EU guidelines
given last year for the Economic Reform Program.
"The Republic of
North Macedonia is about to make a historic step forward to start the EU
membership negotiations as one of the largest administrative and social
operations for transformation of all social lifesegments and aspects under the
European rules, standards and values", saidOsmani, pointing to the need
for inclusiveness and cooperation among all stakeholders within these processes.
At the meeting, it was
emphasized that the National Bank makes great contribution to the
implementation of the national reform programs crucial for the country's EU integration
and that the regulation and practices in the central banking operations in our
country are highly aligned with the European ones.
to make our best as a central bank to bring our economy closer to the European
family, we are committed and continuously working on further harmonization of
the regulation within our competence with the EU regulations. I would
particularly highlight the changes to the banking system regulations aimed at further
strengthening the financial soundness, as well as the changes to the payment
services and payment systems. We remain committed to the harmonization of the
central bank statistics with the European requirements", - also said
AngelovskaBezhoska at the meeting aimed to exchange opinions and information on
the further stages in the EU integration processes in which the National Bank
will be actively involved.
"The National Bank
as an independent institution responsible for the monetary policy is one of the
key institutions which is expected to contribute to the creation of the negotiating
structure and to prepare the government for the challenges of the negotiations,
especially the economic chapters", said Osmani, expressing satisfaction of
the cooperation between the two institutions, especially regarding the
explanatory screening, within which several chapters of the economy have
already been opened. In the EU accession process, the central bank has actively
participated with its representatives in the national negotiating structure for
the five chapters of the European legislation. At today's meeting, it was emphasized
that in the context of the expected acceleration of the EU integration
processes, the National Bank will continue to strengthen its capacities, thus
making its best on the road to the EU.
The governor and the
deputy prime minister also tackled issues on the EU-funded projects related to
the country's preparedness activities for the EU membership. The National Bank,
inter alia, has already participated
in the two-year Regional Program aimed at strengthening the capacities of
central banks of the six Western Balkan countries. Theyalso emphasized the
importance for the Twinning project "Strengthening the institutional
capacity of the National Bank in the process of its accession to the ESCB” to
start in September. This project, for which the central bank applied with the
support of the Secretariat for European Affairs and for which the EU has
allocated Euro 600,000 is planned to focus on payment systems, banking
supervision, central bank statistics and research.
At the end of the
meeting, AngelovskaBezhoska and Osmani expressed satisfaction of the success of
the Republic of North Macedonia to enter the second phase of the implementation
of the Stabilization and Association Agreement with the EU, which creates
exceptional potential for the economic connection of the country with the EU
member states, as an important ground for creating conditions and potentials
for easier entry of foreign direct investments coming from the EU, and in
general, for the promotion of the economic trade with the EU.
In the period ahead, the
cooperation between the National Bank and the Secretariat for European Affairs will strengthen, in order to better respond to the country’s
challenges within the EU integration processes.