TIRANA, Nov 23 /ATA/ – The Bank of Albania’s Supervisory Council on Wednesday approved the central bank’s medium-term development strategy for the period 2023-2025.
The Bank’s medium –term strategy for the next two years is an updated version of the existing 2022-2024 strategy that postpones this document implementation deadline and defines the targets for the upcoming middle-term period.
According to the central bank, the strategy is designed to deliver a proactive response to the challenges of the environment where the Bank of Albania operates; enhance cooperation within the institution; promote the effective and efficient use of resources; and promote transparency and public accountability.
The strategy includes the Bank’s main functions: policies (monetary policy, foreign exchange reserves, banking supervision, macro-prudential policy), financial infrastructure (money issuance, payment systems); horizontal functions (research, statistics); and support services (human resources, internal control, accounting and IT).
The Supervisory Council also approved the 2023 budget of the Bank of Albania and the medium-term indicative budget for the years 2024-2025.
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