Towards a Modernization of Financial Systems

Several key areas, ranging from monetary policy to the modernization of payment systems, are covered by the institutional cooperation agreement signed on Tuesday, April 7, in Tunis between the Governor of the Central Bank of the Comoros, Dr. Yinoussa Imani, and his Tunisian counterpart, Fethi Zouhair Nouri.

This agreement marks a new stage in strengthening relations between the two institutions, in a global context characterized by rapid transformations of financial systems and the emergence of new economic and technological challenges. “The objective is to foster a structured framework for exchanges and the sharing of expertise,” according to the official statement.

The partnership covers several strategic sectors. It notably includes monetary policy, financial stability, banking supervision, and the modernization of payment systems. This framework also provides for the promotion of financial inclusion, the development of financial technologies, and the strengthening of cybersecurity.

Beyond the technical aspects, the cooperation emphasizes the strengthening of institutional capacities. Training programs, exchanges of expertise, and technical assistance missions will be implemented to enhance skills and support the reforms undertaken by both countries.

During the signing ceremony, the Governor of the Central Bank of Tunisia emphasized that this agreement reflects a shared commitment to strengthening bilateral relations and better responding to the transformations of the international financial system. He also stressed the importance of cooperation between central banks to encourage innovation and preserve economic stability.

For his part, the Governor of the Central Bank of the Comoros welcomed this as an important step for his institution. He highlighted the value of this partnership in modernizing the financial sector and strengthening the resilience of the Comorian banking system.

Through this agreement, the two institutions reaffirm their commitment to promoting more modern, inclusive, and resilient financial systems that serve the sustainable economic development of their respective countries.