Cambodian, Philippine central banks sign MoU for enhanced cooperation

21 Aug '24

1 min read

Cambodian, Philippine central banks sign MoU for enhanced cooperation

Pic: Adobe Stock

Insights

The central banks of the Philippines and Cambodia have signed an MoU to foster closer cooperation.
A meeting between both the banks discussed macroeconomic and financial developments and outlook, developments related to payment systems, artificial intelligence, cybersecurity and sustainable finance, and opportunities for further cooperation in these areas.

The Phipppine central bank (BSP) and the National Bank of Cambodia (NBC) recently signed a memorandum of understanding (MOU) to foster closer cooperation.

BSP governor Eli Remolona Jr. and NBC counterpart Chea Serey signed the agreement in Siem Reap, Cambodia, where a high-level meeting between both the banks discussed macroeconomic and financial developments and outlook, developments related to payment systems, artificial intelligence, cybersecurity and sustainable finance, and opportunities for further cooperation in these areas, a news agency reported.

The bilateral meeting and the MoUs are expected to encourage further collaboration in central banking, payment connectivity and innovation, digital financial innovation, banking supervision and human resource development.

Fibre2Fashion News Desk (DS)

More Textiles News - Philippines...