The current economic situation and further strengthening of cooperation in the area of monetary and foreign exchange policies were the key discussion topics during the 13th meeting of the Consultative Council of central banks of Belarus and Ukraine that took place in Minsk, Belarus, on 26 March 2018. Mr Dmytro Sologub, Deputy Governor of the National Bank of Ukraine, Mr Sergei Kalechits, Deputy Chairman of the Board of the National Bank of Belarus, and other representatives of the two central banks took part in the meeting.
Participants of the meeting discussed monetary policy implementation and the main achievements of the banking systems of Belarus and Ukraine in 2017, as well as development of the payment markets in both countries. The parties shared experience in the Twinning program implementation within the cooperation framework with EU central banks and discussed legal issues of regulation and practical implementation of escrow accounts. Moreover, the central bank representatives agreed to continue cooperation in the area of personnel training and technical assistance.
"I am confident that today’s meeting will become yet another step we take to continue the fruitful and so much needed for our countries cooperation between the national banks," - said Sergei Kalechits.
"Without any doubt such events contribute to the development of communication and exchange of experience in the key areas of central banking. Development of financial markets and instruments brings both advantages and challenges, while sharing experience with colleagues is always a strong benefit for ensuring price and financial stability, as well as economic growth in our countries," - said Dmytro Sologub.
The first meeting of the Consultative Council of central banks of Belarus and Ukraine took place in May 2002. The Consultative Council was established to stimulate development of external economic relations between the two countries, their foreign exchange markets and payment systems, and enhancement of the business environment for economic entities. The Council’s tasks and functions include preparation and implementation of bilateral agreeements in the banking area, solving the current problems of bilateral cooperation and exchange of experience.
The current economic situation and further strengthening of cooperation in the area of monetary and foreign exchange policies were the key discussion topics during the 13th meeting of the Consultative Council of central banks of Belarus and Ukraine that took place in Minsk, Belarus, on 26 March 2018. Mr Dmytro Sologub, Deputy Governor of the National Bank of Ukraine, Mr Sergei Kalechits, Deputy Chairman of the Board of the National Bank of Belarus, and other representatives of the two central banks took part in the meeting.
Participants of the meeting discussed monetary policy implementation and the main achievements of the banking systems of Belarus and Ukraine in 2017, as well as development of the payment markets in both countries. The parties shared experience in the Twinning program implementation within the cooperation framework with EU central banks and discussed legal issues of regulation and practical implementation of escrow accounts. Moreover, the central bank representatives agreed to continue cooperation in the area of personnel training and technical assistance.
"I am confident that today’s meeting will become yet another step we take to continue the fruitful and so much needed for our countries cooperation between the national banks," - said Sergei Kalechits.
"Without any doubt such events contribute to the development of communication and exchange of experience in the key areas of central banking. Development of financial markets and instruments brings both advantages and challenges, while sharing experience with colleagues is always a strong benefit for ensuring price and financial stability, as well as economic growth in our countries," - said Dmytro Sologub.
The first meeting of the Consultative Council of central banks of Belarus and Ukraine took place in May 2002. The Consultative Council was established to stimulate development of external economic relations between the two countries, their foreign exchange markets and payment systems, and enhancement of the business environment for economic entities. The Council’s tasks and functions include preparation and implementation of bilateral agreeements in the banking area, solving the current problems of bilateral cooperation and exchange of experience.