Chea Serey, Governor of the National Bank of Cambodia (NBC), and Eli M Remolona Jr, Governor of the Bangko Sentral ng Pilipinas (BSP), presided over a high-level bilateral meeting and signed a Memorandum of Understanding (MoU) to foster closer cooperation between the two central banks on Monday in Siem Reap.
The signing ceremony was followed by a high-level bilateral meeting where the BSP and NBC exchanged views on recent macroeconomic and financial developments and outlook, payment system developments, artificial intelligence, cybersecurity, and sustainable finance. The two central banks also discussed opportunities for further cooperation in these areas.
The MOU signifies the willingness and commitment of both the BSP and NBC to provide a clear framework for facilitating bilateral ties and enhancing cooperation between the two central banks, which have a history of collaboration on both bilateral and regional fronts.
The BSP-NBC Bilateral Meeting and MOU on cooperation are expected to unlock a new era of collaboration, particularly in the areas of central banking, payment connectivity and innovation, digital financial innovation, banking supervision, human resource development, and other areas of mutual interest, promising a brighter future for the financial landscape.
