15th December 2025, Skopje - Ministry of Finance, with support from the United States through the U.S. Department of the Treasury and its Office of Technical Assistance (OTA), is taking actions to strengthen institutional capacities and develop a modern and robust public finance system. Implemented and planned activities were presented on Monday at an event titled “Strengthening Institutional Capacities: Marking the Cooperation between the United States and North Macedonia.” The opening remarks were delivered by Minister of Finance, Gordana Dimitrieska-Kochoska, Deputy Prime Minister for Political System, Ljupcho Dimovski, and U.S. Ambassador to our country, Angela Aggeler.
“Today, we have all gathered so as to mark and honor one of the most significant and consistent international partnerships supporting our country in strengthening public finance management — the cooperation between the Ministry of Finance and the U.S. Department of the Treasury, through its Office of Technical Assistance. This partnership is not merely a form of support, but rather a long-term process of strengthening the institutions, enhancing the expertise, as well as putting modern systems in place, which will provide for stable, accountable, and transparent public finances,” Minister said.
She expressed her gratitude for the support, thereby stressing that the partnership between North Macedonia and the United States in the field of public finances goes beyond administrative cooperation, also constituting a long-term investment in the standards, the institutional integrity, and the transparency. She also noted that the technical assistance provides direct input towards more efficient institutions, improved resource management, reduced risks, and greater protection for citizens.
Deputy Prime Minister, Dimovski also underscored the significance of the support the country has received in recent years, stressing that technical assistance extended through the U.S. Treasury, is of key importance for modernizing our public finance management system, while also fostering greater efficiency, increased transparency, strengthened accountability, as well as application of European and international standards essential for long-term fiscal stability.
She stated that these are not merely technical or administrative processes, but also fundamental reforms that shape citizens’ trust, investors’ confidence, and our capacity to build a sustainable and stable economy.
“Our country is experiencing a period full of challenges, yet also rich in opportunities. The accomplishment of our national goals requires strong institutions, clear policies, and strategic partnerships. United States is one of those partners who consistently stand by us and help boost our progress,” Deputy Prime Minister Dimovski.
The U.S. Ambassador emphasized that this program has become the Treasury Department’s second to largest of its kind in the world. Efforts focus on five critical areas: revenue administration, debt and infrastructure finance, banking and financial services, budget accountability, and the fight against economic crimes.
“The success of this partnership is a testament to our shared commitment and the open, collaborative environment fostered by the Ministry of Finance. We are building stronger institutions, instilling smarter fiscal management and creating clear and fair rules that give businesses and investors the confidence to expand their sites. Reforms will help diversify financing, expand capital markets and reduce reliance on external debt. Each line of effort directly impacts the lives of businesses and citizens in North Macedonia and the United States,” Ambassador Aggeler, pointed out.
The activities undertaken covered the Treasury, Budget and Funds, and Financial System departments, along with the tax and customs area. The overarching goal is to improve the budget structure through greater transparency, strengthen the supervision over non-banking financial institutions, improve the public debt management, and develop the government securities and capital markets, as well as upgrade IT systems and cybersecurity within the Public Revenue Office and the Customs Administration.
