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 financed by the EU, and in which other ESCB central banks are involved besides the Bundesbank itself.
Bundesbank supports Central Banks from West Balkan
The Deutsche Bundesbank, together with 19 national central banks of the European System of Central Banks, the European Central Bank and the European Commission, launch EU-funded follow-up programme to further support central banks and banking supervisory agencies in EU candidate countries and potencial candidates from the Western Balkans.
The aim of the programme is to further strengthen the institutional capacities of the final beneficiary institutions, notably by enhancing their analytical and policy tools and by transferring the best international and European standards into national practices.The European Union has allocated €3 million to the programme from its Instrument for Pre-Accession Assistance (IPA III).