The Central Bank of Montenegro (CBCG) convened the third Steering Committee meeting for its Needs Assessment project to align with European System of Central Banks (ESCB) and Eurosystem standards, concluding that delivery remains on track against the planned timeline. Held at De Nederlandsche Bank (DNB) in Amsterdam, the meeting brought together CBCG representatives and partner central banks DNB, the National Bank of Belgium and the Deutsche Bundesbank, which leads the Western Balkans Programme (WB6). Discussions covered work completed and planned, concrete assessment findings to date and the next steps in implementing project activities, with Governor Irena Radovic reiterating CBCG’s commitment to aligning its organisation, processes and operating practices with ESCB and Eurosystem requirements. Running from September 2025 to June 2026, the project is intended to assess current arrangements, identify areas for improvement and set reform priorities, culminating in ESCB expert recommendations consolidated into a Roadmap and an accompanying action plan for reforms across CBCG. As part of the Amsterdam visit, Governor Radovic also met DNB President Olaf Sleijpen to discuss current economic and monetary policy issues and financial stability challenges amid heightened geopolitical and economic uncertainty, and to reaffirm continued cooperation.
Central Bank of Montenegro 2026-01-30
Central Bank of Montenegro reviews progress of ESCB and Eurosystem standards needs assessment project
The Central Bank of Montenegro held its third Steering Committee meeting for the Needs Assessment project, confirming progress towards aligning with European System of Central Banks and Eurosystem standards. The project, running from September 2025 to June 2026, aims to assess current arrangements, identify improvements, and set reform priorities, with expert recommendations to be consolidated into a roadmap and action plan.