BSP, NBKR sign memorandum of understanding on cooperation

The Bangko Sentral ng Pilipinas (BSP) and the National Bank of Kyrgyz Republic (NBKR) have entered into a Memorandum of Understanding (MOU) on Cooperation in the Field of Central Banking Activities which took effect on 16 August 2022.

The MOU provides an opportunity for the BSP to expand and strengthen bilateral relations with central bank partners in the Central Asia region.

The MOU affirms the commitment of both central banks to strengthen cooperation and to establish an arrangement for the exchange of information, capacity building, and research in key areas of central banking.

Through bilateral cooperation, the BSP and NBKR can leverage on each other’s approaches and methodologies in the areas of internal audit, corporate governance, and risk management, among others.