Central Bank of Malta delegation visits CBK as part of the Governance Audit cooperation

As part of the cooperation between the two institutions in conducting the Governance Audit of the Central Bank of the Republic of Kosovo (CBK), a delegation from the Central Bank of Malta, led by Mr. Aidan Massa and comprising Ms. Daniela Sammut and Mr. Bartholomeo Buhagiar, is currently visiting the CBK premises.

The Governance Audit is the result of a prior agreement between the Governor of the Central Bank of Kosovo, Mr. Ahmet Ismaili and the Acting Governor of the Central Bank of Malta, Mr. Alexander Demarco, as part of the cooperation agreement between the two institutions. This initiative follows last year’s visit of a high-level CBK delegation to Malta.

This audit marks a significant step toward strengthening good governance, transparency, and accountability within Kosovo’s highest financial institution. The four-day visit aims to carry out part of the audit work while deepening the exchange of experiences and best practices between the two central banks.

Such cooperation represents a historic milestone for the CBK, as it is the first time that a governance audit is being conducted in collaboration with a peer central bank that is an integral part of the Eurosystem and the European Central Bank. The expertise, experience, and advanced governance practices of the Central Bank of Malta will contribute to strengthening the CBK’s decision-making bodies and further improving management and transparency standards.

Furthermore, this process is a crucial step in implementing the recommendations of the International Monetary Fund (IMF), reaffirming the CBK’s commitment to upholding the highest standards of institutional management and control. Through this engagement, the CBK demonstrates its dedication to being a transparent, trustworthy institution aligned with advanced international practices.

During this visit, the delegation from the Central Bank of Malta will meet with senior CBK representatives, including the Governor, Chairman and members of the CBK Board, the Chief Internal Auditor, and directors of relevant departments. These meetings will provide insights into the CBK’s operational processes, facilitate the coordination of the audit process, and enable the exchange of governance expertise.

The Central Bank of the Republic of Kosovo remains committed to continuously enhancing its institutional governance framework, ensuring a stable, transparent, and secure financial system with broad international support from partners who uphold the highest standards.

This initiative, supported by a key European partner, marks an important step in the CBK’s journey toward institutional excellence and high international credibility. In this context, Governor Mr. Ismaili extends his sincere gratitude to the team from the Central Bank of Malta and Governor Mr. Demarco for their assistance in this cooperation and their willingness for future collaborations.