Bank Indonesia, Lao central bank strengthen bilateral cooperation
Bank Indonesia (BI) and the Bank of the Lao PDR (BOL) have signed a Memorandum of Understanding (MoU) to strengthen relationship between the two central banks.
Jakarta (VNA) - Bank Indonesia (BI) and the Bank of the Lao PDR (BOL) have signed a Memorandum of Understanding (MoU) to strengthenrelationship between the two central banks.
The MoU was signed by BI's Governor Perry Warjiyo, and BOL'sGovernor Bounleua Sinxayvoravong on May 2 on the sideline of the ASEAN+3 FinanceMinisters and Central Bank Governors Meeting (AFMGM+3) in Incheon, Republic of Korea.
The signing of the MoU reflects the commitment of BI and BOL to bolstercooperation between the two central banks through a more structured andsystematic cooperation framework. It aims to facilitate various cooperationinitiatives in the core areas such as monetary policy, macro prudential policy,financial stability and the payment and settlement system.
The agreement will be implemented through policy dialogue, informationexchange, technical cooperation, communication and consultation on cooperationmonitoring, joint innovation, and capacity development, according to a jointpress release.
The Governor ofBank Indonesia emphasised that the signing of the MoU is a starting point formore solid collaboration for both central banks in the future. It is also inline with the spirit of Indonesia's ASEAN Chairmanship 2023 to boostinclusiveness and connectivity among regional economies.
Meanwhile, BOL's Governor said the MoU not only signifies a crucialmilestone in intensifying cooperation between the two central banks, but itwill also be a good start to support the realisation of ASEAN's regionalconnectivity./.
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At the event (Photo: Antara) 
