Realization of IPA projects begins at National Bank of Serbia

The integration of central banks in the economic and financial mechanisms of the European Union requires the adjustment of operations on all hierarchical levels and in all areas of operations, and that process is also an opportunity for their strengthening, the governor of the National Bank of Serbia, Jorgovanka Tabakovic, said on Thursday, November 29, 2018.

At the gathering marking the beginning of the project called “Strengthening of Institutional Capacities of the National Bank of Serbia in the Process of Accession to the European Union”, she said that projects such as these aimed to deepen the cooperation and dialogue between central banks.

– Cooperation based on trust and mutual understanding facilitates decision-making, which can only be done if we are working together, sharing the same values – Tabakovic said.

The project, which will take 18 months, is funded with the proceeds from the IPA funds and carried out in cooperation with partners – the central banks of Germany, Croatia and Romania, with the support of the German agency for international cooperation (Deutsche Gesellschaft fur Internationale Zusammenarbeit – GIZ).

The NBS takes part in 11 negotiation groups, being the first in charge for negotiation chapters 9 – Financial Services and 17 – Economic and Monetary Policy and the second in charge for chapter 4 – Free Movement of Capital.

The gathering at the NBS was also attended by representatives of the EU delegation to Serbia, the ambassadors of the countries taking part in the realization of the project and representatives of the Government of Serbia.

Narodna banka Srbije Beograd

GIZ Bonn

Delegacija Evropske unije u Republici Srbiji Beograd

NBS

National Bank of Serbia

German agency for international cooperation

Deutsche Gesellschaft fur Internationale Zusammenarbeit

GIZ

Strengthening of Institutional Capacities of the National Bank of Serbia in the Process of Accession to the European Union

IPA

Jorgovanka Tabakovic