The Central Bank of Venezuela met with the Bank of Spain during the International Monetary Fund’s Annual Meetings in Bangkok, Thailand, to discuss the scope of statistical technical assistance that international organizations and central banks will provide to Venezuela. The discussions focused on priority areas for cooperation, applicable methodological standards and conditions for implementing the assistance. The meeting follows the restoration of technical and strategic relations between the two central banks in May after an eight-year interruption. Their initial technical session involved Venezuela’s Economic Statistics team and focused on data exchange. The latest discussions addressed statistical quality, timeliness and international comparability as inputs to monetary policy and other economic decisions.
Central Bank of Venezuela reviews scope of statistical assistance with Bank of Spain
The Central Bank of Venezuela and the Bank of Spain discussed the scope of statistical technical assistance during the International Monetary Fund’s Annual Meetings in Bangkok. They reviewed cooperation priorities, methodological standards and implementation conditions, following the restoration of bilateral technical ties in May.