A Memorandum of Understanding (MoU) was signed, on December 19 in Rabat, by Bank Al-Maghrib (BAM) and the Swiss State Secretariat for Economic Affairs (SECO), for the implementation of the 3rd phase of the Bilateral Assistance and Capacity Building Program for Central Banks (BCC).
Signed by the Wali of Bank Al-Maghrib, Abdellatif Jouahri, and Switzerland’s Ambassador to Morocco, Guillaume Scheurer, this program aims to provide technical assistance to Central Banks to promote the conduct of an ideal monetary policy, promote a stable and inclusive financial sector, as well as strengthening the resilience, sustainability, and effectiveness of their actions.
According to a press release from Bank alMaghrib, this program also covers key areas such as monetary policy analysis and implementation, research, financial stability, financial inclusion, payment systems, operational and systemic risk management, and international cooperation.