Behind the scenes of the Bundesbank’s capacity-building programme
A multi-year effort has helped shore up expertise at West Balkan central banks. Will African and former-CIS institutions be equally responsive to Eurosystem technical assistance?
The Deutsche Bundesbank has quietly led a multi-year capacity-building programme for Western Balkan central banks, with the progress it has made viewed as a template to assist central banks more widely. The programme’s inception followed the transition in the 1990s and early-2000s of south‑eastern European nations to market-driven economies. This presented central banks in the Western Balkans with major institution‑building and stabilisation challenges.
Technical assistance was provided initially
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