Effective Coordination Between Central Banks and Ministries of Finance (by Invitation)

High Level Meeting: June 4, 2019IChisinau, MoldovaIBudget Preparation and Execution, Central Banking

Central banks and ministries of finance have various points of interaction. With institutional autonomy in mind, they share information and coordinate actions. Considerable differences in approaches have been observed across the South East European (SEE) countries as far as the division of roles and responsibilities between these two institutions.

At the round table, we will focus on governance, by drawing a distinction between different types of coordination frameworks, objectives, and toolkits for safeguarding central banks’ and ministries’ of finance interests. By sharing experience, we will establish a joint understanding of existing approaches and formal mechanisms designed to resolve differences between these two institutions. We will also assess how greater accountability allows for fostering the culture of open and transparent communication with no surprises and in support of building trust.

The evening prior to the round table will offer an opportunity for a joint social activity and a keynote address.

By stimulating discussions and creating a platform for sharing experience we will aim to identify different national coordination and information sharing practices. The round table will also provide insights from the international community. More specifically, it will:

1. Provide overview of interaction points between central banks and ministries of finance and raise awareness of their importance;
2. Acknowledge the joint impact of these two institutions on country's economic governance in both EU membership and EU accession contexts;
3. Determine factors enabling effective communication between the two institutions and their communication with external audiences.

Opening address:

  • Vladimir Munteanu, First Deputy Governor, National Bank of Moldova

Speakers:

  • Gilles Noblet, Principal Adviser at DG for International and European Relations, European Central Bank

Round table discussion moderator:

  • Irena Vodopivec Jean, Vice Governor, Bank of Slovenia

Target audience

Central bank governors and board members, ministers of finance and ministry of finance senior management who are directly involved in accountability processes and effective policy making. In addition, we welcome representatives of governor's/minister's offices, board secretariats, chief financial officers and heads of legal services. Up to two representatives per institution will be invited to the event.

Partners

This learning initiative is supported by:

Bank of Slovenia Slovenia's Development Cooperation National Bank of Moldova