NBS PROJECT PROPOSALS
International Relations Department
Belgrade, September 28TH, 2007
NATIONAL BANK OF SERBIA
• Autonomous and independent institution
• Primary objective
– Maintaining Price Stability
• In addition,
– Maintaining Financial Stability
– Without prejudice to its primary objective, NBS shall
support the pursuance of economic policy of the
Government of the Republic of Serbia, operating in
accordance with the principle of market economy
THE ROLE OF NBS IN EU INTEGRATION
NBS actively participates:
 In the negotiations related to the signing of Stabilization
and Association Agreement, in the Task forces established
by the Government of the RS for:
 liberalization of capital movements
 contracting of financial protocol and financial services
 In the work of the RS Commission for the EU accession
coordination
 In the institutional cooperation with the EU through the
Enhanced Permanent Dialogue
• All activities are carried out in strong cooperation with EU
Integration Office of the Republic of Serbia
EUROPEAN PARNTERSHIP
• Pursuit of sustainable macroeconomic policy
• Further implementation of prudent monetary policy
with the appropriate exchange rate policy
• Monitoring of rapid credit expansion
• Further liberalization of capital movements
• Restructuring and privatization of the insurance
sector
THE FIRST PROJECT PROPOSAL
PROJECT TITLE
Strengthening of institutional capacities of
the National Bank of Serbia through implementation
of the Acquis communautaire
and harmonization of the activities with European
standards
BENEFICIARY – NBS
Bank Supervision Department
Insurance Supervision Department
Pension Fund Supervision Department
Legal Department
International Relations Department
Foreign Exchange Department
Monetary System and Policy Department
Research Department
Center for Financial Services Consumer Protection and
Market Supervision
OVERALL OBJECTIVE
The improvement of institutional capacities, activities and
efficiency of National Bank of Serbia
RESULT
Successful harmonization of NBS operations with European
standards and requirements of the ESCB
SPECIFIC OBJECTIVES – EXPECTED RESULTS
1. Strengthening
supervisory function
2. Harmonization of
legislation under
competence of NBS with
EU acquis
communautaire
Efficient and improved
consolidated supervision in
banking, insurance, pension
and financial leasing sectors
Harmonized and
implemented legislation
SPECIFIC OBJECTIVES – EXPECTED RESULTS
3. Liberalization of capital
movements
Accurately defined mediumterm strategy for full
liberalization of capital flows
and established legal and
technical framework
4. Improvement of FX
reserve and investment
risk management
Improved FX reserve
management via
modernization of software
and strengthening of
analytical skills
SPECIFIC OBJECTIVES – EXPECTED RESULTS
5. Improvement of
information system for
efficient money trading
between NBS and banks
on domestic and foreign
markets
6. Improvement of balance
of payment statistics
through efficient
compilation of data on
remittances
Implemented information
system and ensured
efficient transactions
Improved statistics for
determining the impact of
remittances on
macroeconomic
movements
SPECIFIC OBJECTIVES – EXPECTED RESULTS
7. Improvement of education
of financial services
beneficiaries and
transparency of financial
services
Increased awareness and
knowledge about financial
services and efficient
protection of their rights
8. Capacity building in the
field of EU funds project
management
Acquired knowledge and
expertise on the EU funds
project management
CONTACT PERSONS
Zoran Nišavić
+ 381 11 333 8282
zoran.nisavic@nbs.yu
Ivana Vasić
+ 381 11 333 8237
ivana.vasic@nbs.yu
THE SECOND PROJECT PROPOSAL
BENEFICIARY
International Relations Department
International Organizations and European Union
Division
•
Coordination of all activities related to the process of accession to the
European Union in NBS
•
Preparation of relevant documentation and data in accordance with the
priorities of the European Partnership under competence of NBS and other
relevant strategic documents of RS
•
Coordination of activities with a view to the identification of the needs of the
NBS for the use of funds of the instruments of pre–accession assistance of the
EU
PROJECT TITLE
Capacity building of
the National Bank of Serbia in the area of the
European integrations coordination
OVERALL OBJECTIVE
Strengthening of capacities and efficiency of the organizational
unit responsible for the coordination of the process of EU
integration within National Bank of Serbia
RESULT
Timely performed, efficient and smooth institutional
preparation of NBS in the process of EU accession
SPECIFIC OBJECTIVES – EXPECTED RESULTS
1. Capacity building
2. Strengthening of
institutional links
with counterpart
units in other
central banks
3. Strengthening of
infrastructural
capacities
Acquired expertise:
 Process, tendency and challenges
on the road to EU
 Functioning of relevant financial,
economic and monetary EU
institutions
 Research, analyses and papers
Established institutional
cooperation with counterpart
units in central banks
Improved infrastructural
capacities
CONTACT PERSONS
Nevena Petrović
+ 381 11 333 8291
nevena.petrovic@nbs.yu
Igor Savić
+ 381 11 333 8284
igor.savic@nbs.yu
THANK YOU FOR YOUR ATTENTION