The Central Bank of Montenegro held a Steering Committee meeting for its needs assessment project to align the bank’s organisation and operations with European System of Central Banks (ESCB) and Eurosystem standards as part of preparations for Montenegro’s accession to the European Union. The assessment is being implemented with De Nederlandsche Bank, the National Bank of Belgium and the German Central Bank, which leads the Western Balkans (WB6) programme. The project aims to evaluate current practices, identify areas for improvement and define reform priorities, with ESCB experts expected to produce recommendations that will be translated into a roadmap for reforms across the institution. The Steering Committee reviewed completed and upcoming activities to keep delivery in line with the planned timeline for the project, which runs from September 2025 to June 2026.
Central Bank of Montenegro 2025-11-19
Central Bank of Montenegro reviews progress on project to assess alignment with ESCB and Eurosystem standards
The Central Bank of Montenegro held a Steering Committee meeting for its needs assessment project to align with European System of Central Banks and Eurosystem standards, in preparation for EU accession. Supported by De Nederlandsche Bank, the National Bank of Belgium, and the German Central Bank, the project aims to evaluate current practices and define reform priorities. ESCB experts will provide recommendations to be translated into a reform roadmap.