The agreement on cooperation between National Bank of the Republic of Belarus and National Bank of the Azerbaijan Republic

of May 2, 2007

The National Bank of the Republic of Belarus and National Bank of the Azerbaijan Republic which further are referred to as with the Parties for the purpose of assistance to the subsequent expansion and strengthening of the relations between bank systems of two states, agreed as follows:

Article 1

The parties exchange the publications and periodicals issued by National Bank of the Republic of Belarus and National Bank of the Azerbaijan Republic, and also information on problems of monetary policy and development of bank systems of the countries.

Mutual exchange of information, is performed by experience of research and methodical work in the area:

macroeconomic analysis and forecasting (creation of models);

cash (monetary) analysis and forecasting;

financial programming;

monitoring and analysis of the financial banking market;

monitoring of real production sector;

efficiency of monetarist policies;

developments of payment system;

implementation of banking supervision;

contents of technique of bank training.

The parties agreed to perform regular exchange of statistical information on the main indicators of economic and financial and bank statistics, and also if necessary to provide the regulatory legal acts regulating banking and financial activities.

Article 2

The parties expressed consent to perform cooperation in the field of professional training and personnel training in the following forms:

give opportunity to specialists of the Parties to participate in the seminars held by training centers and other training structures of the Parties;

carry out work experience exchange, organize professional training of specialists of the Parties;

hold joint seminars, round tables;

direct experts for carrying out consultations in urgent problems of activities of national banks of the Parties;

direct specialists of the Parties for holding specialized seminars in training centers of other Party.

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