14/11/2024

The Governor of the Central Bank of the Republic of Kosova (CBK), Mr. Ahmet Ismaili, took part as a panel speaker in the Annual Conference on “the role of the central bank and the banking system on the road to the EU”, organized in Tirana by the Bank of Albania and the Albanian Association of Banks.

This high-level conference was attended by leaders and senior officials of international financial institutions, such as the International Monetary Fund, the World Bank, the European Bank for Reconstruction and Development, governors and representatives of the academic world. During the meeting were discussed and exchanged the views and experiences of central banks in building effective institutional networks for a successful integration to the European Union, as well as the cooperative efforts between the central banks of the Western Balkans under the leadership of the European Central Bank.

Governor Ismaili took part in the panel of Governors on the topic “Institutional roadmap and efficient networks”, chaired by Mr. Paul Thomsen, former Director of the European Department at the International Monetary Fund. The panel included governors from the Bank of Albania, the People's Bank of the Republic of North Macedonia and that of Montenegro.

During his speech, Governor Ismaili discussed on the manner of addressing the challenges of recent years, key macroeconomic indicators and developments in the financial sector. He elaborated the reforms undertaken by the CBK in the advancement of the legal framework with the aim to align it with the European countries, as well as initiatives taken to increase the stability of the country.

Further, Governor Ismaili in this panel also spoke about the progress and steps taken by the CBK to integrate the Republic of Kosova into the Single Euro Payments Area (SEPA). “Convergence with the EU brings great benefits to the financial sector and the country's economy in general; therefore, the CBK remains committed to undertaking reforms that align the financial sector with that of the EU countries”.

The CBK is continuously harmonizing its legislation with the EU regulations and directives, as well as the supervisory practices of European regulatory authorities, while continuing to strengthen cooperation relations with the central banks of the region and the EU, as well as with the international financial institutions.