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]

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.