NBU and SECO launch technical cooperation program

NBU and SECO launch technical cooperation program

Ukrinform
The National Bank of Ukraine (NBU) and the Swiss State Secretariat for Economic Affairs (SECO) have launched a technical cooperation program until 2022, according to the NBU’s press service.

"The NBU and the Swiss State Secretariat for Economic Affairs (SECO) have signed the Memorandum of Understanding concerning the Implementation of the second phase of the Bilateral Assistance and Capacity Development for Central Banks (BCC) Program (2018–2022), which will be implemented by Geneva-based Graduate Institute of International and Development Studies. The program provides for technical cooperation between the parties until 2022, in particular in the form of expert consultations and research activities," the report says.

The program’s key areas of focus are monetary policy, financial stability, statistics, loan management tools, operational risks in central bank operations, and financial market development.

The memorandum on the implementation of the program was signed on November 29 during a meeting between Deputy Chairman of the NBU Dmytro Sologub, Ambassador Extraordinary and Plenipotentiary of Switzerland to Ukraine Claude Wild, and Director of the Swiss Cooperation Office in Ukraine Nicole Ruder.

"The new program aims to support the NBU, both by providing technical expertise and by unlocking access to Swiss best practices and opportunities to conduct research at Switzerland’s best institutions," Claude Wild said.

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