Republic of North Macedonia: Central Bank Transparency Code Review

IMF Staff Country Reports, January 28, 2022

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Canonical URL: Republic of North Macedonia: Central Bank Transparency Code Review

Publication date: January 28, 2022
Core summary: The National Bank of the Republic of North Macedonia (NBRNM) is implementing advanced transparency practices. The long-standing commitment to transparency noted by a number of stakeholders and forcefully re-affirmed in the recent period is well anchored in the law, and it has been designated by the NBRNM as a strategic objective to fulfill its mandate. This policy has earned the NBRNM noteworthy trust from stakeholders met by the mission, and it has paid significant dividends in terms of anchoring its autonomy and ensuring policy effectiveness.

NBRNM implements advanced transparency practices.
Transparency commitment is long-standing and was re-affirmed in the recent period.
Legal anchoring: transparency is well anchored in the law.
Institutional strategy: transparency designated as a strategic objective to fulfill the NBRNM mandate.
Stakeholder trust: the policy has earned the NBRNM noteworthy trust from stakeholders met by the mission.
Policy outcomes: transparency has paid significant dividends in anchoring central bank autonomy and ensuring policy effectiveness.

Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Central banks, Crime, Financial sector policy and analysis, Financial sector stability, Financial statements, Foreign exchange, International organization, International reserves, Monetary policy, Public financial management (PFM)
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), C. emergency liquidity assistance, code review, Financial sector stability, Financial statements, Global, IMF central bank Transparency code, IMF mission, International reserves, official relation