The Governor of the National Bank, Anita Angelovska Bezhoska, is involved in the initiative of the leading global information service for central banking and finance, Central Banking, for promotion of equality, diversity and inclusion. Central Banking published an author's text of the Governor, which states that gender, ethnic and cultural differences are a major benefit for the institutional culture, as well as in making and implementing policies.
“More and more data suggest that diversity, inherited - such as race and sex, or acquired - such as experience and culture, is related to business success, because it brings heterogeneity of values, beliefs and attitudes. Heterogeneous teams can lead to a better institutional culture, which will help central banks to effectively respond to changes", says in her text the Governor, Angelovska Bezhoska.
The Governor points out that more empirical data suggest that the participation of women in monetary policy committees is associated with better results in terms of price stability.
The analysis of the data from eight countries, whose monetary policy is geared towards maintaining of price stability, as stated in Central Banking, shows that the central banks led by governesses place greater emphasis on the stabilization of inflation, compared to those that are led by their colleagues.
"In our central bank, nearly 60% of the employees are women. Almost 70% of the managing positions in the Bank are filled by women. The National Bank is a strong institution in terms of gender representation. But it can be done more to further improve our institutional culture. At the moment, we review and promote our Code of Ethics, as part of the insistence to constantly improve our institutional culture. We want to further encourage all employees to respect diversities: "gender, ethnicity, character, education and opinion", says the Governor, Angelovska Bezhoska.
Angelovska Bezhoska also points out that there is a need for greater involvement of women in managing positions in the financial sector. As it was announced recently, in our country, the share of women in the management and supervisory boards of banks is about 30%.
In the announcement of Central Banking, the Governor points out that the greater financial inclusion of women is of particular importance, i.e. their greater access to financial products, because in this manner the economic growth is encouraged and the gap in income inequality is reduced.
Recently, Central Banking singled out Angelovska Bezhoska among the three governors from the world who successfully deal with the challenges of the corona crisis.