Scotti launches third phase for Western Balkans central bank integration
Chiara Scotti, Deputy Governor of the Bank of Italy, launched the third EU-financed technical cooperation programme for Western Balkan central banks. The initiative aims to strengthen their capacities for integration into the European System of Central Banks.
Building bridges through shared expertise
Ms Chiara Scotti, Deputy Governor of the Bank of Italy, welcomed participants to the launch of the third EU-financed technical cooperation programme.
Hosted by Banca d'Italia, the initiative aims to strengthen central bank capacities in the Western Balkans for integration into the European System of Central Banks.
Scotti emphasized the long-standing ties between Italy and the region, rooted in history, culture, and economic relations.
She highlighted the importance of cooperation among institutions and countries, inspired by European values such as peace, democracy, solidarity, and the rule of law.
These principles are crucial in a time of heightened political tensions and global instability, contributing concretely to strengthening institutions and building trust.
The ESCB has consistently supported these efforts, reflecting Europe's commitment to sharing standards and best practices.
Advancing payment systems and supervisory tech
Banca d'Italia has significantly contributed to previous phases through training, bilateral measures, and internships, focusing on IT, payment systems, and market operations with central banks in Albania and Serbia.
A key initiative was the 2025 launch of the TIPS Clone project with five Western Balkan institutions, aiming to modernize payment systems and deepen integration, with a go-live expected this year.
For Phase III, Banca d'Italia will coordinate a SupTech training event and a high-level policy meeting on TIPS and market infrastructures.
Four bilateral measures are also planned, supporting the progressive integration of Western Balkan payment systems into the EU framework.
Beyond technicalities, a strategic imperative
This third phase underscores the strategic importance of technical cooperation in fostering regional stability and EU integration.
While the program provides crucial expertise, its success ultimately hinges on sustained political will and institutional reforms within the Western Balkans.
It represents a tangible commitment to shared European values, extending beyond mere technical assistance.