The Central Bank of Montenegro reported that the assessment phase of its project to align with the standards of the European System of Central Banks and the Eurosystem has been formally completed on schedule. The outcome will be consolidated into a Final Report and then translated into a Roadmap to guide the bank’s further institutional, operational and functional preparations for future participation in the ESCB and the Eurosystem in the context of Montenegro’s European Union accession process. The project is being implemented with the National Bank of Belgium and the Central Bank of the Netherlands, with some activities financed under the European Union-funded ESCB-Western Balkans Programme. Since the project began in September 2025, the assessment phase has included 13 missions at the Central Bank of Montenegro involving more than 70 experts from partner central banks and the wider ESCB network, with the National Bank of Slovakia also participating in assessment initiatives under the Western Balkans programme. The steering committee meeting in Brussels reviewed those results and confirmed that all planned activities had been carried out in line with the agreed timetable. The individual assessment reports will now be consolidated into the Final Report and Roadmap, while participants said the remaining activities will be completed according to the existing timetable.
Central Bank of Montenegro2026-06-09
Central Bank of Montenegro completes assessment phase of ESCB alignment project
The Central Bank of Montenegro has completed on schedule the assessment phase of its project to align with European System of Central Banks and Eurosystem standards in the context of Montenegro’s EU accession. The assessment, conducted with the National Bank of Belgium, the Central Bank of the Netherlands and other ESCB partners under the EU-funded ESCB-Western Balkans Programme, will be consolidated into a Final Report and Roadmap to guide further institutional, operational and functional preparations.