Skopje, 30 November 2024
The National Bank Governor, Anita Angelovska Bezhoska, and the Vice Governor Ana Mitreska hosted a delegation of the European Bank for Reconstruction and Development (EBRD), led by Fatih Turkmenoglu, EBRD Country Head for North Macedonia. The subject of the meeting was the consultative mission of the delegation for finalizing the new 2025-2030 Country Strategy.
The purpose of the meeting was to share views and exchange data on the implementation of a transparent and inclusive process for the development of the new strategic cooperation framework with the country. The discussions focused on identifying priorities and opportunities for supporting the sustainable economic development of the country, supporting the growth of the private sector, as well as a green, inclusive and digital transformation of the economy, in accordance with the EBRD goals.
Governor Angelovska Bezhoska and Vice Governor Ana Mitreska indicated that the National Bank is committed to cooperation with the EBRD for strengthening economic resilience and financial stability in the country. Amidst complex economic environment surrounded by multiple risks of geo-economic fragmentation, climate change, and decelerating growth potential of the developed economies, there is a growing need for implementation of institutional and structural reforms, which will increase productivity and growth potential, i.e. for faster convergence of the domestic economy. In the past few crisis years, income convergence has stagnated.
The meeting also emphasized the successful cooperation between the National Bank and the EBRD and the readiness of this international financial institution to provide further support for the reforming of priority segments, including in the financial system.
Mr. Turkmenoglu stated: “The EBRD is committed to supporting the national and regional economic development of the country through a comprehensive and strategic approach. With over EUR 2.9 billion invested in 196 projects since 1993, the EBRD has played a key role in enhancing competitiveness, improving infrastructure, and driving digitalization, energy sustainability, and regional integration. A core focus remains on private sector development, where our efforts aim to foster a more dynamic and resilient business environment. Looking ahead, we are dedicated to further strengthening the country’s financial resilience, supporting the growth of the private sector, and ensuring a green, inclusive, and digital transformation of the economy in alignment with our long-term goals for sustainable development.”