BANK OF MONGOLIA SIGNS A MEMORANDUM OF UNDERSTANDING WITH SWISS STATE SECRETARIAT OF ECONOMIC AFFAIRS

The Bank of Mongolia signed a Memorandum of Understanding with Swiss State Secretariat of Economic Affairs (SECO) concerning a technical assistance in selected areas of central bank operations.

The MoU enables the Bank of Mongolia to benefit from the Programme for Bilateral Assistance and Capacity Building for Central Banks (BCC), which is implemented by SECO. The Programme will contribute to strengthening capacities of Bank of Mongolia in monetary policy analysis and implementation, macroeconomic accounting and statistics, and bringing it up to the international benchmarks.

SECO is implementing BCC since 2013 in emerging countries to develop the analytical and technical capacities of central banks, e.g. in Albania, Azerbaijan, Bosnia and Herzegovina, Columbia, Morocco, Peru, Tunisia and Ukraine.

The MoU was signed by B. Lkhagvasuren, Governor of Bank of Mongolia, and Stefanie Burri (PhD), Head of Cooperation and Consular Section (on behalf of SECO).

Source: https://www.montsame.mn/en/read/271716