Улогата на националните развојни банки во банкарскиот систем – осврт на Развојна банка на Северна Македонија АД Скопје

The Role of National Development Banks in Banking Systems - The Case of Development Bank of North Macedonia

Goran Kovachev

MPRA Paper from University Library of Munich, Germany

Abstract: Unlike classic private commercial banks whose beginnings are in the late 15th century, the public development banks are a relatively new phenomenon. Namely, after the WW2 when large investments in infrastructure were needed, and especially in the 1960s, when the neo-Keynesianism took the scene, advocating direct state intervention in priority economic sectors, the public development banks as counter-cyclical financial institutions were largely introduced. The Development Bank of North Macedonia is a first and only state-owned development bank in the country, established in 1998 by a special Law. The Bank's role is to promote the development of Macedonian economy in accordance to North Macedonia's strategic economic priorities and objectives.

Keywords: national development banks; Development Bank of North Macedonia; economic development; green finance (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2024-10-31
New Economics Papers: this item is included in nep-fdg and nep-his
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Published in Macedonian Banking Association E-Bulletin 15 (2024): pp. 14-15

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