Consideration of cooperation with US Department of the Treasury

Cooperation issues on banking system sector and suggestion of technical assistance have been considered during meeting of Jamoliddin Nuraliev, First Deputy Chairman of the NBT with group of representatives of the US Department of Treasury headed by Mr. William Thomas, Senior Advisor of Banking and Financial Group of the US Department of Treasury on March 5, 2019.

Jamoliddin Nuraliev, First Deputy Chairman of the NBT has introduced the quests with realization of reform in the country’s banking system and fulfilment of the NBT Strategy in the process of rehabilitation of banking system, maintenance of financial stability, use of new monetary mechanisms for gradual transition to modern monetary mode – inflation targeting, rehabilitation of problem banks and sector problems, including financial services consumers rights protection and supervision of insurance system.

Jamoliddin Nuraliev in the course of his speech has invited the group of representatives of the US Department of Treasury to realize efficient bilateral cooperation offering technical assistance for prevention and relief of possible risks, enhancement of financial literacy, personnel training and financial inclusion.

Mr. William Thomas, Senior Advisor of Banking and Financial Group of the US Department of Treasury has extended thanks to the NBT management for hospitality, and expressed willingness for extension of bilateral fruitful cooperation with the National Bank of Tajikistan.

In relation to above mentioned proposals, Mr. William Thomas has noted that Central bank should perform its activities according to modern needs and the US Department of Treasury will actualize the proposal of the NBT in this direction and will provide technical assistance for eliminating of industry’s problems, and will support with exchange of experience and trainings in the given suggested direction.

It is worth to note that Andrew Berry, Deputy Head of Political and Economical Division of the Embassy of the USA in Tajikistan, Loren Bernhart, Sheron Iski and heads of structural subdivisions of the National Bank of Tajikistan also attended this meeting.

Press Division
NBT