BI, Philippine Central Bank Strengthen Cooperation

    Wahyu Dwi Anggoro - 03 Februari 2020 12:47 WIB
    BI, Philippine Central Bank Strengthen Cooperation
    Illustration (Photo:Medcom.id/M Rizal)
    Jakarta: Bank Indonesia (BI) and Bangko Sentral ng Pilipinas (BSP) signed the Memorandum of Understanding (MoU) on cooperation in the area of payment systems and digital financial innovation on Monday, February 3, 2020. 

    Signed by the governors of the two central banks, the MoU aims to provide a framework for closer cooperation between the two central banks to achieve a more secure, efficient, reliable payment system, and promote digital financial innovation. 

    "The document was signed by Dr. Benjamin E. Diokno, Governor of Bangko Sentral ng Pilipinas and Dr. Perry Warjiyo, Governor of Bank Indonesia," BI spokesperson Onny Widjanarko said in a written statement issued on Monday, February 3, 2020.

    According to the BI official, the MoU signing was held to conclude a bilateral meeting between the two central banks which fruitfully discussed numerous advances in digital economy and central banking; infrastructure financing using market instruments; and sustainable financing frameworks. 

    At the end of the meeting, both central banks expressed their commitment to strengthen bilateral cooperation in further enhancing mutual economic and financial system development.



    (WAH)

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