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Swiss National Bank (SNB)
The CBA and the Swiss National Bank (SNB) launched cooperation in June, 2001 on technical assistance on monetary policy, statistics, researches, market operations, payment systems, IT, international relations, financial management, cash management, HR management, and internal audit.
The SNB experts regularly visited the CBA to identify potential cooperation tracks and shared their relevant expertise. During visits experts held meetings with various departments and exchanged opinions on various directions of central banking.
These activities were paralleled with the CBA employees’ visits to the SNB to closely acquaint with the SNB expertise on internal audit planning, the mechanism to implement the monetary policy, joint audit, launch of the Cash Management System, HR management, application of barcodes for cash tracking, financial and strategic management, and the transmission mechanism of the monetary policy.
The SNB expert consulted the HRD on the Formation of Effective HR Management project
National Bank of Poland (NBP)
The CBA and the National Bank of Poland (NBP) launched vigorous cooperation in December, 2002. CBA employees regularly visited the NBP for exchange of experience on internal audit, security, launch of international relations, monetary policy, financial management, institutional framework of the strategic planning, performance management and appraisal systems, evaluation of systemic risks and financial stability analysis.
At the same time, the NBP experts provided consultations and recommendations on installation of a video-surveillance system in the vault infrastructure that meet modern and int’l standards.
The NBP experts delivered workshops on creation of the Dynamic Stochastic General Equilibrium model and e-education in the CBA. Also, CBA employees regularly participate at trainings organized by the NBP.
Central Bank of the Republic of Turkey
The CBA and the Central Bank of the Republic of Turkey (CBRT) launched vigorous cooperation in 1995 upon signing the Bilateral Cooperation Agreement. As part of this cooperation CBA employees visited the CBRT to exchange expertise on the monetary policy, statistics, HR, internal audit, accounting, international relations, payment systems, and market operations. In parallel, the CBRT experts visited the CBA to deliver workshops on financial stability and improvement of the procurement service.
A Memorandum of Understanding has been signed between the Central Bank of the Republic of Azerbaijan and the Central Bank of the Republic of Turkey. The goal of the Memorandum is to deepen ties in central banking, share informaiton and boost the cooperation.
Deutsche Bundesbank
The CBA and the Deutsche Bundesbank launched vigorous cooperation in April, 2001. During the first years of the cooperation Bundesbank provided threefold technical assistance – participation at international seminars held in Bundesbank, participation at individual seminars held in Baku, and Bundesbank expert consultations for the CBA.
On 24 July 2001 Bundesbank and the CBA entered into the Protocol of Intentions on Technical Cooperation. The Protocol addresses technical assistance areas. Under the Protocol, the Bundesbank provided workshops on diverse tracks of central banking for CBA employees, Bundesbank experts delivered consultations and workshops on general aspects of statistics, internal audit, international relations, organization of the performance of the Legal Department, accounting issues, monetary policy aspects, treasury operations, cash management, HR management, central bank security, launch of an Institute of Expertise, organization of Executive Office activities. At the same time, Bundesbank experts organized various workshops in the CBA.