DUSHANBE, 28.04.2023 (NIAT Khovar) – Strengthening mutually beneficial cooperation between the National Bank of Tajikistan (NBT) and the European Bank for Reconstruction and Development (EBRD) was discussed at the meeting of the NBT Chairman Hokim Kholikzoda with the EBRD delegation led by the EBRD Vice President for Policy and Partnerships Mark Bowman in Dushanbe, reports the National Bank of Tajikistan.

Bowman expressed satisfaction with the fruitful cooperation and noted that, despite the continued turbulent geopolitical situation in the world, the introduction of economic sanctions against some states — trading partners, the macroeconomic indicators of Tajikistan and the banking system were positively assessed and achieved significant success over the past year and several months of this year.

He expressed the EBRD’s interest in the participation of the National Bank of Tajikistan in the «green» economy programs within the networks of central banks and observers to green the financial system.

It was emphasized that the EBRD will continue to support the implementation of comprehensive reforms to expand the development of the banking system, which is one of the main tasks of the NBT.

The parties stressed the importance of attracting technical assistance from the EBRD to further strengthen the mechanisms for regulating and controlling the activities of a financial credit institution, including identifying, managing and reducing the impact of financial risks, conducting stress tests of banks’ activities and the banking supervision system within the framework of the Basel standards, monetary policy and implementation of funds, development of the financial market, development of the financial sector and expansion of access to financial services, strengthening the compliance system, increasing the capacity of insurance supervision in the sector of financial statistics and insurance market analysis, as well as the development and implementation of a modern operational risk management system in the NBT.

The parties also expressed their interest in further expanding and strengthening effective cooperation.