Morocco’s Central Bank, Bank Al-Maghrib (BAM), and the Swiss State Secretariat for Economic Affairs (SECO) signed a Memorandum of Understanding on Monday, to implement the third phase of the Bilateral Assistance and Capacity Building Program for Central Banks (BCC), reported BAM in a press release.
The BCC program aims to provide technical assistance to central banks in order to promote sound monetary policy, foster a stable and inclusive financial sector, and strengthen the resilience, sustainability, and effectiveness of their actions.
This program covers the analysis and implementation of monetary policy, research, financial stability, financial inclusion, payment systems, operational and systemic risk management, and international cooperation oversight.
Governor of the Central Bank Abdellatif Jouahri and Ambassador of Switzerland to Morocco Guillaume Scheurer signed the MoU.