The Bank of Namibia (BoN) and Deutsche Bundesbank have agreed to collaborate on advancing financial inclusion and innovation.
“As the world becomes increasingly interconnected, central banks like the Bank of Namibia and the Deutsche Bundesbank understand the importance of collaboration and knowledge sharing to address global economic challenges effectively. This visit is a testament to the commitment of both institutions to fostering international cooperation for the greater good,” said Naufiku Hamunime, Principal: International Relations & Sustainability Strategic Communications and International Relations at the Bank of Namibia.
“The Bank of Namibia and the Deutsche Bundesbank reaffirm their shared vision of maintaining stability, driving innovation, and supporting sustainable economic growth. The two institutions are excited about the opportunities that lie ahead as they continue to work together to shape the future of the financial landscape.”
She said that the central bank would use the knowledge gained from the Germany visit to address the challenges of the evolving financial landscape effectively.
“The Bank of Namibia viewed this visit as an essential step in fostering its global partnerships and promoting the exchange of knowledge. By collaborating with the Deutsche Bundesbank, the Bank of Namibia seeks to harness international best practices to address the challenges of the evolving financial landscape effectively,” Hamunime said.
“The insights gained from this benchmarking visit will play a crucial role in the Bank of Namibia’s efforts to ensure a robust and resilient financial system, ultimately benefiting the people of Namibia and contributing to the country’s sustainable development.”
Governor Johannes !Gawaxab said the engagement with Joachim Nagel, the President of the Deutsche Bundesbank, had provided a crucial opportunity to learn how to manage the most potent risks in the local and regional financial systems.
“The relationship between Bank of Namibia and the Deutsche Bundesbank has been highly beneficial in upholding and strengthening our bilateral relations. Our visit to the Deutsche Bundesbank provided us with a crucial opportunity to gain understanding in areas that will assist us in navigating the complexities of the future successfully and proactively – while managing the most potent risks in our local and regional financial systems,” he said.
