Tomorrow in Skopje, high representatives from the International Monetary Fund (IMF), the European Central Bank (ECB) and the World Bank will discuss the current situation of the global economy, and in which direction it is going.

The International High Level Conference regarding Monetary Policy and Financial Management is organized by the National Bank, and the theme is “Global Economic Expansion, Dynamics of Inflation, Financial Stability and the Importance of International Financial Management”.

Tomorrow, what will be said by Deputy Managing Director of the International Monetary Fund (IMF) Tao Zhang, will be carefully forwarded by all the world’s most important financial institutions and will have an impact on the financial markets.

“The global financial markets are facing new challenges due to the unstable monetary policy. The US Central Bank (FED) and the European Central Bank (ECB) have in the past years injected a huge amount of money to avoid the implications of the global economic crisis. However, with the stabilization of the world economy and its rise in the past two years, the announced withdrawal of those funds has triggered a reaction in the world financial markets, as it was the fall of the US stock market. This is precisely the challenge which the global economy will face in the up-coming years”, said the Governor of the National Bank, Dimitar Bogov.

Regarding the conference, four sessions are planed, and one of the topics which will be discussed is the challenges faced by central banks achieving their goals for maintaining the price and financial stability.

Politics’ experts and academics will discuss current challenges regarding the mandate of central banks to maintain financial stability.