Technical assistance

Once Romania joined the European Union (EU) and the National Bank of Romania (NBR) became part of the European System of Central Banks, the Bank advanced to a new level in the field of international technical cooperation, turning from a recipient to a donor of technical assistance for central banks of candidate and potential candidate countries, as well as for countries in the EU neighbourhood.

As such, the NBR has been involved in granting technical assistance in various forms:

• At bilateral level, through several technical assistance activities for the National Bank of Moldova (NBM).


• Multilateral projects, under ECB coordination, including participation, during 2008-2013, in technical cooperation programmes for the National Bank of Serbia (preparation for EU accession, economic anaysis and research, financial stability), the Central Bank of Egipt (banking supervision), the Central Bank of Bosnia and Hertzegovina (preparation for EU accession).


• Under TAIEX - the Technical Assistance and Information Exchange instrument of the European Commission that supports public administrations with regard to the approximation of beneficiay countries legislation to the EU acquis, in areas like: (i) free movement of capital, (ii) internal audit, (iii) financial stability, (iv) anti-money laundering, (v) banking supervision.


• Through the ENPI (European Neighbourhood and Partnership Instrument) framework programme for the Republic of Moldova in the Twinning¹ Project “Strengthening the NBM's capacity in the field of banking regulation and supervision in the context of EU requirements”, în the following areas: (i) banking regulation and supervision, (ii) financial stability, (iii) human resources management.
• Under IPA (Instrument for Pre-accession Assistance) framework programme for the Republic of Serbia: as junior partner, along with Deutsche Bundesbank and the National Bank of Croatia, in the twinning project “Strengthening of the institutional capacities of the National Bank of Serbia (NBS) in the process of EU accession”, in areas: (1) macroeconomic modelling and forecasting, (ii) financial stability, (iii) foreign reserves management, (iv) European integration.
• Participation of NBR experts in other EU-funded twinning projects:
  • “Strengthening the National Bank of Belarus”, for the National Bank of Belarus, in the area of financial stability;
  • “Strengthening the institutional capacity of the National Bank of the Republic of Macedonia (NBRM) in the process of its accession to the ESCB”, for the National Bank of the Republic of North Macedonia, in the following areas: (i) macroeconomic modelling and forecasting, (ii) payment system oversight, (iii) statistics;
  • “Enhancing Bank of Albania’s alignment with EU Acquis”, for the Bank of Albania, in areas like: (i) financial stability, (ii) internal audit, (iii) European integration.
• Participation in the EU funded Regional technical assitance programme for the central banks in Western Balkans, „Strengthening Central Bank capacities in the Western Balkans with a view to integration into the European System of Central Banks” in the areas: (i) financial stability, (ii) accounting, (iii) banking resolution, (iv) European integration.
• On 22 July 2021, the consortium led by the National Bank of Romania, with De Nederlandsche Bank and Bank of Lithuania as junior partners, in cooperation with the Romanian Financial Supervisory Authority and the National Authority for Consumer Protection were won the selection process for the twinning project "Strengthening supervision, corporate governance and risk management in the financial sector” - MD 20 ENI FI 01 21R2 (MD/36), having as beneficiaries the National Bank of Moldova and the National Commission for the Financial Market in the Republic of Moldova. The project is implemented over a period of 24 months and will focus on: (i) enhancing the macroprudential framework through improved capacities of the regulators to mitigate a build-up of systemic risks, (ii) alingning the legal framework on supervision of insurance sector and on third party liability motor insurance to EU acquis, (iii) strengthening the supervision of non-bank credit organisations, (iv) revising and enhancing the NBM internal regulations on oversight activities, and (v) ensuring compliance of the Moldovan legislation and regulatory framework with SEPA requirements and preparing the aplication procedure for joining SEPA.