Search

Back

About the visit of the delegation of the National Bank of Belarus to CPR

05 May 2007

Development of mutually advantageous relations in economic and financial spheres was discussed during visit of the delegation of the National Bank of Belarus headed by its president Mr. Prokopovich to Peking at the end of April. 

A wide range of issues related to social and economic development of both countries, working out and realization of monetary-credit policy, central bank’s tools and activities aimed at maintaining price and national currency stability, bank supervision,  outside capital’s entrance into the banking market, and staff training  was discussed during negotiations with the management of People’s Bank of China, China Banking Regulatory Board, Chinese corporation “CITIC Group” and “CLETC”, and the leading banks of China, i.e. China Development Bank and Bank of China.

With a view to develop bilateral cooperation in the field of bank supervision the parties signed a Memorandum of Understanding between the National Bank of Belarus and China Banking Regulatory Board during the visit.  This document enables creating legislative conditions for banks and their representative offices in Belarus or China, overseas capital investing, and also facilitates to settle of a range of other issues.

A Memorandum of Understanding between the National Bank of Belarus and the People’s Bank of China in the sphere of staff training in 2007 was also signed during the visit and will stimulate exchange of professional experience between the employees of the two countries’ central banks, spur staff training and organization of training courses.

An agreement about deepening relationship between the two central banks as well as the two countries’ financial institutions, banking support of bilateral trade development, and mutually beneficial contacts extension was reached. With the purpose of further optimization of settlements between economic entities of the two countries possibilities to create working groups were considered. The parties concurred that development of an agreement between the two countries’ central banks about carrying out payments in national currencies would be expedient.

Ministry of Foreign Affairs