National Fund – NF

A central tresury body established within the Ministry of Finance, consisted of two separate Units, through which the pre-accession funds from the European Communities wil be transferred to the Republic of Macedonia pursuant to Point 5, Annex A of the Framework Agreement. The NF is responsible for ensuring efficient and effective functioning of the management and control systems. The NF is also responsible of opening and managing bank accounts, requesting funds from the EC, approving the transfer of funds from the EC to the OS for all five IPA components and submitting financial reports to the EC.