Deputy National Bank chairman about “Twining” project realization

Deputy National Bank chairman about “Twining” project realization

New instruments and methods will allow the National Bank of Belarus to decrease inflation, increase he stability of the Belarusian ruble, and what is more, to strengthen the control functions. The project “Twining” will help the regulator to implement all these issues.

The corresponding contract has been signed on December 22, 2017. Over one million euros will be allocated for the realization of the program. Three European banks will be fulfilling the functions of partners: a German, Polish and a Lithuanian bank. The main task is to at most approach the work of the National Bank to the leading European standards.

Sergei Kalechits, deputy chairman of the National Bank of the Republic of Belarus:
From its key establishments, the European Union is offering help concerning the issues we are interested in. Joint work is carried out with the financial support of the European Union. In the period of two years’ time, when this program will be practically realized, the communication will have a permanent basis. Many methods of work are foreseen. A consultant will be here all the time.

All of this will allow to improve the approaches towards the protection of rights of the financial services consumers.