Strategy
The Strategic Plan of the National Bank for 2022 – 2024 is set under the motto: “A central bank, with flexible, appropriately designed and timely decisions in times of rapid changes and digital transformation, contributes to a higher standard of living of citizens by creating an environment of sustainable and inclusive economic development”.
The Strategic Plan of the National Bank of the Republic of North Macedonia (hereinafter: the National Bank) is laid down on the basis of the mission, the vision and the organizational values of the National Bank, taking into account the macroeconomic environment and key challenges and contains the main strategic objectives for the next three years.
MISSION
By fulfilling its mandate and competencies, it contributes to maintaining price and financial stability for sustainable and inclusive economic development and higher standards of living of the citizens. It contributes to maintain a stable, competitive and market-oriented financial system resilient and flexible to rapid changes in the environment, which works in the best interest of consumers and the economy as a whole.
VISION
The vision of the National Bank is to be recognized as an independent, responsible, professional, innovative and transparent institution that enjoys high credibility and public confidence.
VALUES
The National Bank operates in accordance with the following principles and values: quality, integrity, loyalty, transparency, leadership, innovation, flexibility, professionalism and team spirit.
The realization of its vision and mission within its mandate and competencies in the next three years will be directed through the following strategic objectives:
| SO1 |
Improving the infrastructure for monetary policy conduct |
| SO2 |
Maintaining and further strengthening of the stability and resilience of the banking system |
| SO3 |
Supporting household and corporate sector by developing reliable, innovative and efficient payment systems |
| SO4 |
Improving the investment policy and ensuring optimal return on foreign reserves in accordance with the principles of security and liquidity |
| SO5 |
Adjusting to the standards of the European System of Central Banks |
| SO6 |
Increasing transparency and accountability |
| SO7 |
Financial education and inclusion |
| SO8 |
Increasing awareness of climate change and contribution to a green sustainable economy |
| SO9 |
Strengthening of the risk management in the National Bank |
Through the nine strategic objectives, the National Bank will stay committed to improving the monetary policy conduct, the banking system stability, the smooth functioning of payment systems, the foreign reserves management, and ultimately to provide conditions for efficient, innovative and reliable financial services. At the same time, as we live in a time of rapid change on a global scene, as a result of the processes of globalization, digitalization, innovation, climate change and the global health pandemic, the National Bank has emphasized these new trends in these respective areas.
The Strategic Plan of the National Bank for 2022 – 2024 is
set under the motto: “A central bank, with flexible, appropriately designed
and timely decisions in times of rapid changes and digital transformation,
contributes to a higher standard of living of citizens by creating an
environment of sustainable and inclusive economic development”.
The
Strategic Plan of the National Bank of the Republic of North Macedonia
(hereinafter: the National Bank) is laid down on the basis of the mission, the vision and the organizational
values of the National Bank, taking into account the macroeconomic environment
and key challenges and contains the main
strategic objectives for the next three years.
MISSION
By
fulfilling its mandate and competencies, it contributes to maintaining price
and financial stability for sustainable and inclusive economic development and higher
standards of living of the citizens. It contributes to maintain a stable,
competitive and market-oriented financial system resilient and flexible to
rapid changes in the environment, which works in the best interest of consumers
and the economy as a whole.
VISION
The
vision of the National Bank is to be recognized as an independent, responsible,
professional, innovative and transparent institution that enjoys high
credibility and public confidence.
VALUES
The National Bank operates in accordance with
the following principles and values: quality, integrity, loyalty, transparency,
leadership, innovation, flexibility, professionalism and team spirit.
The
realization of its vision and mission within its mandate and competencies in
the next three years will be directed through the following strategic objectives: