Deputy Governor of the Bank of Mongolia G.Enkhtaivan Participated in the 35th Annual Meeting and Business Forum of the European Bank for Reconstruction and Development (EBRD)

Deputy Governor of the Bank of Mongolia, Mr. G. Enkhtaivan, participated in the 35th Annual Meeting and Business Forum of the European Bank for Reconstruction and Development (EBRD), held in Riga, the Republic of Latvia, last week. This year's Annual Meeting was convened under the theme "From Volatile to Versatile," bringing together policymakers, central bankers, international financial institutions, and private sector representatives to discuss the current challenges and opportunities facing the global economy, financial markets, banking sector, and sustainable development. On the sidelines of the Annual Meeting and Business Forum, the Bank of Mongolia delegation held a series of bilateral meetings with international financial institutions, central banks, and senior executives of leading commercial banks. During these meetings, the delegation provided updates on Mongolia's macroeconomic outlook, recent developments in the banking and financial sectors, as well as the Bank of Mongolia's ongoing policy initiatives and reform agenda, while exchanging views on areas of mutual interest.

As a result of these engagements, the Bank of Mongolia identified several promising avenues for expanding its international cooperation. These include broadening correspondent banking relationships with foreign financial institutions; exploring repo transaction cooperation with ICBC Standard Bank; initiating detailed discussions with Frontclear on derivative netting arrangements and foreign exchange risk hedging solutions; and advancing cooperation with the Dutch-based TCX Fund on foreign exchange swap transactions. These discussions laid the groundwork for strengthening the Bank's financial market operations and risk management capabilities.

The EBRD Annual Meeting serves as a premier platform that brings together central banks of its member countries, international financial institutions, private sector leaders, and policymakers to foster policy dialogue, strengthen partnerships, and promote investment opportunities. Participation in this year's meeting enabled the Bank of Mongolia not only to present its policy priorities and ongoing initiatives to the international financial community but also to establish new opportunities for enhancing financial market infrastructure and introducing modern risk management instruments, thereby contributing to the continued development and resilience of Mongolia's financial sector.