With regard to crisis management, the adoption of the Memoranda of Understanding on cooperation between central banks, banking supervisors and, more recently, ministries of finance, has been a major accomplishment. Work to carry out simulation exercises to test these arrangements is already underway. III.
The central banks in the region can cooperate in numerous projects which are highly important for the economy of both the country and the region. In the last 10 years we have tried to implement the monetary policy in a responsible and consistent manner and be a pillar for the entire banking sector and their clients.