The Central Bank of Eswatini has signed a Memorandum of Understanding with the National Bank of Rwanda, formalising a cooperation framework between the two institutions aimed at strengthening their shared interests in monetary policy and financial stability.
The agreement was signed last Friday on the sidelines of the IMF and World Bank Spring Meetings in Washington D.C., by Central Bank of Eswatini Governor Dr Phil Mnisi and National Bank of Rwanda Governor Soraya M. Hakuziyaremye.
The signing took place during a particularly busy week filled with numerous high-level and overlapping engagements across the IMF and World Bank meeting venues.
Under the agreement, both central banks will work together across several areas, including research and economics, financial inclusion, financial regulation and supervision, consumer protection, capacity building, fintech and innovation, payment systems, and reserves management.
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