As part of efforts by the Central Bank of Sudan (CBOS) to open up to the external world and reintegrate into the global banking system, and in the presence of Sudan’s Ambassador to Azerbaijan, Anas Al-Tayib Al-Jailani, a memorandum of understanding (MoU) on banking cooperation was signed on Wednesday in the Azerbaijani capital, Baku, between the Central Bank of Sudan and the Central Bank of Azerbaijan.
During the signing ceremony, Governor of the Central Bank of Sudan, Amina Mirghani, stressed the importance of the historic relations between Sudan and Azerbaijan, and the need to develop them in a way that serves mutual interests and opens broader prospects for economic and trade cooperation. She highlighted opportunities in exports and imports and mutual economic exchange.
For his part, Governor of the Central Bank of Azerbaijan, Taleh Kazimov, welcomed the Sudanese delegation and reaffirmed Azerbaijan’s support for Sudan in regional and international forums. He said the meeting and the signing of the memorandum represent a first step toward building stronger relations that serve mutual commercial and economic interests. He also called on Azerbaijani banks to establish correspondent banking relations with Sudanese banks to facilitate cross-border payments.
He further affirmed readiness to transfer expertise and share experience with staff of the Central Bank of Sudan and commercial banks through short-term training programmes and professional attachments at the central bank, aimed at strengthening practical training.
The memorandum establishes a general framework for developing correspondent banking relations, exploring the opening of branches and banking windows for commercial banks in both Sudan and Azerbaijan, in addition to banking training and exchange of expertise.
The signing comes within the framework of growing bilateral relations between the Republic of Sudan and the Republic of Azerbaijan, representing a qualitative addition to the path of economic and financial cooperation between the two friendly countries.
#Sudan-Nabaa#Sudan
Follow Nabaa Sudan channel on WhatsApp:
https://whatsapp.com/channel/0029VaG1qJ2FHWpuSTsncX43