TIRANA, December 19/ATA/- The Bank of Albania gets committed to a twinning project targeting to align its working practices with the European System of Central Banks, thereby helping the country’s economic integration with the EU.
The twinning project “Enhancing Bank of Albania (BoA) Alignment with EU Acquis” conference was held in Tirana today.
The project will be implemented by the Bank of Albania, the Bank of Italy and the Bank of Germany, while certain components will be implemented by the Bank of France and the National Bank of Romania.
Attending the event was Governor of the Bank of Albania Gent Sejko and the Ambassador of Italy to Albania Alberto Cutillo.
Sejko voiced his hopes that the EU will open the green light to Albania for the accession negotiations by spring of 2020. And the Bank of Albania remains an institution fully committed to meeting the priorities deriving from the European integration process.
The Governor presented the areas of work that will focus on 8 Bank of Albania departments, while addressing important issues such as: banking supervision and financial stability, monetary policy and statistics, internal audit, financial systems payments, as well as other central banking functions, such as human resources and European integration.
On his part, the Ambassador of Italy Cutillo emphasized the importance of this project for further development of its institutional capacities. Such projects help align European standards and accelerate Albania’s European integration process, said he.
This project will be implemented for a period of one year and, during this period; a Resident Advisor will contribute to the Bank of Albania. The project envisages 110 missions and 12 working visits, during which the experts from the above mentioned banks will bring their experience./a.gjonaj/p.s./
