The Bangko Sentral ng Pilipinas (BSP) and the Deutsche Bundesbank formalized their partnership on capacity building for BSP personnel through a Memorandum of Understanding (MOU) signed on 22 January 2024 at the BSP Head Office in Manila. Deutsche Bundesbank is the central bank of the Federal Republic of Germany. I am delighted we now have this MOU.”Meanwhile, Deutsche Bundesbank Executive Board Member Burkhard Balz emphasized the already existing good and trusting cooperation between the Deutsche Bundesbank and the BSP and is looking forward to the enhancement of cooperation and bilateral projects. Deutsche Bundesbank experts have been conducting in-person or virtual capacity-building programs for BSP personnel since 2004. Deutsche Bundesbank Head of International Central Bank Dialogue Martin Dinkelborg and German Ambassador to the Philippines Dr. Andreas Michael Pfaffernoschke witnessed the event.

Source: The Guardian February 14, 2024 17:00 UTC