Baku:Azerbaijan’s Central Bank and Slovakia’s National Bank have signed a Memorandum of Understanding (MoU) to enhance their cooperation. The signing took place during the Annual Meetings of the World Bank and the International Monetary Fund.
According to Azerbaijan State News Agency, Taleh Kazimov, Governor of the Central Bank of Azerbaijan, and Peter Kažimír, Governor of the National Bank of Slovakia, discussed global and regional economic conditions, developments in the financial sector, and the existing ties between their institutions.
The MoU aims to strengthen the legal and institutional framework for cooperation between the two banks. It includes plans to expand bilateral engagement and encourage the exchange of expertise and best practices in central banking. Additionally, the agreement outlines cooperation in areas such as monetary policy, payment systems, financial technology, and the regulation and supervision of banks, insurers, and capital markets.