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The participation of the National Bank of Belarus in the twinning project, funded by the European Union, should result from greater openness of information and new methods of risk badessment for Financial stability and protection of consumer rights. This is what the participants said at the press breakfast at the National Bank, evaluating the first results of the project having exceeded half of it.
"If we move at the same pace, we will finish the project successfully by mid-year next," said the director of the European Commission's technical cooperation center for the twinning project. Martin Dinkelberg.
As stated previously, the project, with a budget of 1.12 million euros, is implemented by a consortium of banks: the German Federal Bank, the National Bank of Poland and the Bank of Lithuania . The implementation period is 2018-2019.
The project plans to strengthen the payment system, improve financial stability, strengthen banking supervision and manage financial risks. Another component of the program is the creation of a Finance Ombudsman. "There is such a project, but if it is working, it is too early to share it," said the vice chairman of the BNB's board of directors. Sergey Kalechits.
In response to a question of whether it was planned to ask the question of whether a mega-regulator status was badigned to the National Bank, it was planned to raise the deferral or piracy. the other banks are mega-regulators. "
As indicated by TUT.BY, as part of the twinning, specialists from government agencies from different EU countries work with similar government agencies in the partner country. The funds are allocated by the European Union. The work goes in three directions:
– legislative (badistance in drawing up and revising legislation in force in accordance with European standards);
– institutional capacity building (implementation of functional research of a state agency by European experts);
– Staff development (seminars and training with foreign experts, study visits and workshops, conferences, round tables).
The term "twinning" can literally be translated as "twinning". Initially, in 1998, the program was designed to help candidate countries to become members of the EU to acquire the qualifications and experience necessary to adopt, implement and implement EU legislation in practice. Later, the geography of the program was extended to many EU neighbors.
Twinning differs from the other types of technical badistance of the European Union in its depth and intensity: the program of each organization lasts between 1 and 3 years; designed to achieve predetermined mandatory results; partner state authorities compete for the opportunity to participate in a special call for tenders.
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