News - News Releases 2025
13/03/2025 10:30:00
Central Bank of Malta delegation visits the Central Bank of the Republic of Kosovo in the framework of cooperation on Governance Audit
A delegation from the Central Bank of Malta, led by Mr Aidan Massa, Head Internal Audit Department, comprising also Mr Bartholomeo Buhagiar, Manager Internal Audit Department, and Ms Daniela Sammut, Principal Expert Internal Audit Department visited the Central Bank of the Republic of Kosovo (CBK) between 4th and 7th March 2025 to conduct a comprehensive Governance audit.
This engagement was the result of a preliminary agreement between the Governor of the Central Bank of the Republic of Kosovo, Mr Ahmet Ismaili, and the Acting Governor of the Central Bank of Malta (CBM), Mr Alexander Demarco, as part of the cooperation agreement between the two institutions, following a visit by a CBK delegation, led by the Governor and included also members of the CBK Board, to Malta last year.
During this visit, the Internal Audit team from the CBM held meetings with these representatives of the CBK as well as the Head of Internal Audit and Heads of other relevant areas, to assess and provide recommendations to address any weaknesses or areas of improvement in governance practices at the CBK.
Photo: Central Bank of the Republic of Kosovo visit
Since the CBK is fully committed to further building and improving its institutional governance, guaranteeing a stable, transparent and secure financial system, with broad international support from its partners, such cooperation marked a historic moment for the CBK, given that it was the first time that such an audit was conducted by a Eurosystem National Central Bank.
Furthermore, this engagement constituted an important step for the CBK in fulfilling the recommendations of the International Monetary Fund, which confirms the CBK's commitment to implementing the highest standards of institutional management and control.
The CBK Governor expressed his most sincere thanks to the CBM team and the Acting Governor, for the assistance provided within the framework of this cooperation and welcomed the CBM's readiness to assist through similar cooperation engagements.
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