EU and Belarus present results of twinning project to strengthen country’s National Bank

11-07-2019
Photo: European Union
Photo: European Union

A final conference for the EU-funded Twinning project on “Strengthening the National Bank of Belarus” took place in the country’s capital of Minsk on 10 July.

The project has been implemented over the last 18 months by a consortium of three EU central banks – Deutsche Bundesbank, Narodowy Bank Polski, and the Bank of Lithuania.

Experts and specialists from the EU Member States worked together with their Belarusian colleagues for more than a year to increase their professional skills, learn from best practices in EU countries and adapt them to the local conditions and needs.

"I am pleased to witness the successful completion of the first Twinning project in Belarus,” said Andrea Wiktorin, Head of the EU Delegation to Belarus. “It was aimed at strengthening the capacity of the National Bank of Belarus in performing its key functions as the central bank.”

Twinning is an instrument of institutional cooperation between public agencies of the EU’s Member States and partner countries.

Twinning projects mobilise the expertise of the state agencies of the EU Member States and the beneficiary countries with the aim of achieving agreed mandatory results by implementing arrangements based on equal partnership.

Belarus’s National Bank became the first government agency in the country to participate in a Twinning project. It was run between December 2017 and June 2019, with a budget of €1.15 million.

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Twinning