The National Bank of the Republic of North Macedonia hosted a visit by two experts from the Czech National Bank under the second phase of the Western Balkans central bank capacity-building programme, focusing on practical experience with macroprudential policy instruments and measures. Discussions covered capital buffers for systemically important banks and for systemic risk, as well as the use of macroprudential measures addressing the quality of credit exposures. The Czech experts also presented their methodology for constructing a single systemic stability index and the early warning indicators used to monitor financial stability risks, with the exchange of expertise set to continue through a reciprocal visit by North Macedonian experts to the Czech central bank. The second phase of the EU-funded regional programme began in September 2022 and runs for three years, coordinated by the Deutsche Bundesbank in partnership with 19 European System of Central Banks members and the European Central Bank, with EUR 3 million allocated under the EU’s Instrument for Pre-accession Assistance (IPA III).