International technical cooperation

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For over 20 years, the Bank of Italy has organized staff training activities and consultancy with central banks and similar institutions in the emerging countries. Through its international technical cooperation work the Bank of Italy helps to strengthen the institutional capacities of the beneficiary institutions and promotes international financial stability.

The beneficiary institutions mostly belong to: new EU member states that have not yet adopted the euro; EU candidate and potential candidate countries; Mediterranean countries, Eastern European and Caucasian countries who come within the bounds of the European Neighbourhood Policy and other emerging countries.

The areas of cooperation relate to the institutional functions of the Bank of Italy (central banking including payment systems and treasury services, economic research and statistics, supervision, and currency circulation) as well as support activities (IT, internal auditing, controls, etc.)

For these cooperation activities, the Bank of Italy involves highly qualified members of staff with long years of experience in the various areas, who can teach both the theoretical and the practical aspects. On some occasions, experts from other central banks, international institutions and Italian authorities are invited to introduce the participants to multiple points of view.

The cooperation activities of the Bank of Italy include:

International seminars and workshops

The Bank of Italy organizes on a regular basis international seminars and workshops open to central banks and financial authorities from emerging countries. These are occasions not only for passing on knowledge and experience but also for sharing ideas and establishing relationships that will strengthen reciprocal ties.

The seminar and workshop themes are chosen annually on the basis of their relevance and topicality, requests from potential beneficiary institutions, and needs that have emerged in the forums for international coordination.

Seminars are understood to analyze topics in a comprehensive way and last longer; workshops are organized as short seminars with a narrow thematic focus, addressed to small groups of specialists.

Participation is by invitation, with no registration fees; in some cases hotel accommodation is included, while travel expenses are paid by the beneficiary.

The number of participants is usually limited (about 25 for seminars and 15 for workshops). The working language is English.

Further information about recent activities and participation details are available in the latest International Technical Cooperation Newsletter.

The 2020 and 2021 initiatives are listed below with links to brief descriptions.

Rome, April or October 2020
(2 days)
Rome, May 2020 (2 days)
Rome, October or November 2020 (3 days)
Rome, Second half of 2020
(2 days)
Rome, Second half of 2020
(2 or 3 days)

Rome, 2021
Rome, 2021
Rome, 2021

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Multilateral capacity building programmes

The Bank of Italy participates in numerous capacity building initiatives funded by the EU, including twinning projects for institution building and joint Eurosystem programmes, and other similar projects promoted by international organizations such as the IMF and the World Bank.

Twinning projects in the context of the EU and the Eurosystem programmes for central banks and financial authorities are capacity building initiatives aimed at countries included in EU cooperation policies. The objective is to facilitate the process of implementing the acquis communautaire and adopting the best European standards in these countries. Usually, these are medium- to long-term programmes, carried out mainly in the beneficiary country, establishing contractual obligations and responsibilities for both the beneficiary institution and the institution providing the training and consultancy.

The first of the EU twinning projects in which the Bank of Italy was involved were in favour of Bulgaria, Poland, Romania, the Czech Republic and Turkey. In the twinning project with the Central Bank of Albania the Bank of Italy took on the role of project leader. Moreover, the Bank of Italy participates regularly in Eurosystem programmes, having collaborated in the past in projects involving the central banks of Egypt and Russia, and recently taking part in projects in favour of the EU candidate countries and potential candidate countries.

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Bilateral initiatives

The Bank of Italy responds, as far as possible, to specific requests for information or study visits from other central banks and financial authorities which could benefit from the technical cooperation activities.

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In organizing all these activities the Bank of Italy follows the ESCB Best Practices, prepared by the Task Force on Central Bank Cooperation, of which the Bank of Italy is a member, and published in December 2017.



Related Topics

International Technical Cooperation Newsletter

The International Technical Cooperation Newsletter is a twice-yearly publication, intended to inform readers about technical cooperation at the Bank of Italy.