• Published on 20 August 2024
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BSP and NBC sign MOU for enhanced cooperation

Bangko Sentral ng Pilipinas (BSP) governor Eli M. Remolona, Jr., and National Bank of Cambodia (NBC) governor Chea Serey signed a Memorandum of Understanding (MOU) on 19 August 2024 in Siem Reap, Cambodia, aimed at fostering closer cooperation between the two central banks.

The signing ceremony was followed by a high-level bilateral meeting where the BSP and NBC exchanged views on recent macroeconomic and financial developments and outlook, payment system developments, artificial intelligence, cybersecurity, and sustainable finance. The two central banks also discussed opportunities for further cooperation in these areas.

The MOU signifies the willingness and commitment of both the BSP and NBC to provide a clear framework for the facilitation of bilateral ties and the enhancement of cooperation between the two central banks with a history of collaboration on both bilateral and regional fronts.

The BSP-NBC bilateral meeting and MOU on cooperation are expected to encourage more collaboration, particularly in central banking, payment connectivity and innovation, digital financial innovation, banking supervision, human resource development, and other areas of mutual interest.

Re-disseminated by The Asian Banker