Central Bank of Myanmar Governor Dr Khin Naing Oo received a delegation led by Mr Alexander Egorov, First Deputy Chairman of the Board of the National Bank of the Republic of Belarus, at the Central Bank of Myanmar in Nay Pyi Taw yesterday.

Both sides held frank and friendly discussions on strengthening cooperation between the two central banks. The talks focused on enhancing closer collaboration to deepen mutual understanding, supporting stronger banking-sector cooperation to facilitate economic and trade linkages between the two countries, assisting commercial banks in both countries, and organizing joint training programmes to improve the capacity of central bank staff.

Following the discussions, a Memorandum of Understanding (MoU) on cooperation between the central banks was signed, in the presence of the CBM Governor, by CBM Deputy Governor Dr Sanda Oo and First Deputy Chairman of the Board of the National Bank of the Republic of Belarus Mr Alexander Egorov.

By signing the MoU, the two central banks will be able to enhance cooperation in areas such as monetary policy, macroeconomic policy, and banking systems through open exchanges of views, closer collaboration in financial and banking services, and the sharing of information. The agreement will also support cooperation between commercial banks in both countries involved in trade and economic activities.

MNA/MKKS

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