Yesterday, a work meeting was held between the Governor and Vice Governors of the National Bank of the Republic of Macedonia (NBRM) and the Delegation of the Board of Directors of the European Bank for Reconstruction and Development (EBRD) which is on a several-day visit in the country and is led by the EBRD Director for Netherlands, China, Mongolia, Macedonia and Armenia, Frans Weekers and EBRD Director for Poland, Bulgaria and Albania, Wioletta Barwicka-Lofthouse. At the meeting, the emphasis was placed on some of the priorities which shall be incorporated in the EBRD Strategy for the Republic of Macedonia for the forthcoming four-year period. Moreover, as already announced in the discussion with the NBRM Management, the EBRD delegation was focused on identifying the key areas where this international development bank can be engaged in the country over the next few years, in order to intensify the business and political dialogue.
The NBRM Management presented the perceptions and assessments for the Macedonian economy, as well as the perceptions and assessments for the Macedonian banking system and its stability. At the same time, a particular attention was paid to the ideas and possibilities for further cooperation between the two institutions.
“The Macedonian economy is recovering and the banking system of the country is stable and solvent. It is fit to further support of the economy” - said the Governor of the NBRM, Anita Angelovska Bezhoska. In front of the EBRD representatives, she, among others pointed out the space for further consolidation of the banking sector, as well as the need for the development of other financial sector segments and the development of alternative sources for financing, especially for small and medium-sized enterprises. It was in these segments that the space for further greater involvement of the EBRD was identified. At the same time, the Governor Angelovska Bezhoska also discussed the new EBRD concept strategy for the Republic of Macedonia, pointing out the well-defined priorities, especially in the field of the infrastructure and the financial sector, as key preconditions for increasing the competition and productivity of the economy.
The meeting emphasized the successful cooperation with the country and the readiness of this international financial institution for maintaining the continuity in providing support for the reforms in the priority segments. Among others, it was also pointed out that, in the future, there is room to intensify the cooperation and communication between NBRM and EBRD which will result in joint projects.
Such visits of the EBRD’s Board of Directors are regular and take place every two to four years in each country of operation. Such visits enable the Board of Directors to get familiar with the economic and political developments in the country, as well as the current and future projects within the cooperation of the country and EBRD.
So far, EBRD has invested over Euro 1.8 billion in 113 projects in the Republic of Macedonia for supporting the integration of the country in the regional and global markets, through investments and political dialogue and especially through intensifying the cooperation with the key partners such as the European Union and the European Investment Bank.
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