Since 2004 the Bundesbank operates with EU-Twinning-Projects. These administrative partnerships between the old and new EU member states and the accession candidates are an initiative of the European Commission. The projects are run jointly by a project manager from each of the authorities involved in both countries and by visiting experts as well as a full-time twinning consultant where appropriate. They last between six months and two years. The projects are held at the initiative of the partner institutions and are advertised throughout Europe by the EU Commission. The aim of these twinning projects is to bring the institutional structures in the partner countries in line with EU standards.
In addition, the Bundesbank actively participates in projects coordinated by the ECB and financed by the EU, and in which other ESCB central banks are involved besides the Bundesbank itself.
To manage and coordinate the Projects funded by third parties and support the Bundesbank staff involved in these projects, a team focussed on externally funded projects has been set up in the Centre for Technical Central Bank Cooperation.