Skopje, 25 July 2021 (MIA) – National Bank Governor Anita Angelovska-Bezhoska has joined an initiative of “Central Banking”, the world’s leading information service for central banking and finances, to promote equality, diversity and inclusion. In an op-ed for “Central Banking”, Angelovska-Bezhoska says that gender, ethnic and cultural diversity is immensely beneficial for institutional culture and in policy creation. “More and more data suggest that diversity, be it inherited like race or gender, or acquired like experience and cultural background, is connected to business success, because it contributes to heterogeneity of values, beliefs and positions. Heterogenic teams can lead to better institutional culture, which will help central bank address changes effectively,” the Governor says. A wealth of empirical data suggests that women participating in monetary policy committees is connected with better performances as regards price stability, according to her. “Central Banking” says that after eight countries whose monetary policy is targeted regarding price stability were analyzed, data show that central banks with female governors at the helm accent more stabilization of inflation compared to central banks led by their male counterparts. “Nearly 60% of the central bank staff are women. Nearly 70% of the Bank’s managerial posts are led by women. The National Bank is a strong institution advocating gender representation. But, more can be done to further improve our institutional culture. Currently, we’re reviewing and improving our code of ethics in an attempt to constantly improve our institutional culture. We want to encourage our staff even more to respect diversity – gender, ethnic origin, character, education and opinions,” says Governor Angelovska-Bezhoska. Recently, “Central Banking” named Angelovska-Bezhoska one of the top three governors in the world that have been successfully addressing corona-crisis challenges.