site.btaCentral Bank, Deutsche Bundesbank Launch Support Programme for Western Balkan Countries

The German central bank Deutsche Bundesbank and the European Commission in cooperation with the Bulgarian National Bank (BNB), other national central banks of the European System of Central Banks and the European Central Bank, officially launched a 3-year programme for additional support to central banks and supervisory authorities in the Western Balkan countries - candidates and potential candidates for EU membership including Albania, Bosnia and Herzegovina, Montenegro, Serbia, Kosovo, and the Republic of North Macedonia, BNB reported.

The programme is funded by the EU Instrument for Pre-Accession Assistance 3. Its objective is to further strengthen the institutional capacity of the beneficiary institutions by improving policy instruments and applying best international and European standards in national practices.

Training will be conducted in key areas of central banking such as fighting money laundering and terrorist financing, banking supervision, financial stability, consumer protection in financial services, recovery and restructuring of credit institutions, and European integration.