26 March 2025
The Bank of Mauritius and the Deutsche Bundesbank have renewed on Tuesday 25 March 2025 a Memorandum of Understanding (MoU) aimed at further promoting and enhancing cooperation in the field of technical central bank cooperation.
The initiative strengthens the professional collaboration between the Mauritian and the German central banks. Under the terms of the MoU, the cooperation will primarily involve training and advisory assistance provided and funded by the Deutsche Bundesbank. This assistance will benefit the staff of the Bank of Mauritius through seminars and expert discussions. The Deutsche Bundesbank will organize seminars or study visits and obtain assessments of specific training or advisory assistance needs from the Bank of Mauritius.
The Bank of Mauritius will identify subjects for training and advisory assistance and will propose staff as participants. The cooperation activities will be agreed upon through annual planning and evaluation meetings, with the technical cooperation beginning in March 2025, and continuing for a period of four years until the end of 2029, with the possibility of renewal.
The Bank of Mauritius and the Deutsche Bundesbank are committed to fostering a strong and productive partnership that will contribute to the advancement of central banking practices and the smooth operation of payment systems.
In the wake of the renewal of the MoU, Mr Burkhard Balz, Member of the Board of the Bundesbank, stated: “The Bundesbank welcomes the extension of the MoU with the Bank of Mauritius. It sees this as a sign of finding common answers to future central banking issues such as CBDC.”
Bank of Mauritius Governor Dr Rama Krishna Sithanen, G.C.S.K., stated at the event: “I commend the renewal of the MoU with a premier central bank like the Deutsche Bundesbank which will allow the Bank of Mauritius to benefit from transfer of expertise in several areas of high pertinence.”
| Available as : |  |