The National Bank of the Kyrgyz Republic reported that its Chair, Melis Turgunbaev, met the Chair of the Swiss National Bank, Martin Schlegel, on the sidelines of the IMF and World Bank Group Annual Meetings, focusing on macroeconomic policy coordination, monetary policy issues and closer bilateral cooperation. The discussion covered assessments of current economic conditions in their countries and the region, prospects for global financial markets, and coordination of macroeconomic policy under heightened uncertainty. Monetary policy discussions included central banks’ management of international reserves. The sides also highlighted cooperation within the IMF Swiss constituency, which includes Switzerland and the Kyrgyz Republic, and confirmed their readiness to further coordinate positions on matters of mutual interest at upcoming IMF meetings. Plans to deepen bilateral cooperation included exchanging expert experience and holding joint events between relevant departments.
National Bank of the Kyrgyz Republic 2025-10-16
National Bank of the Kyrgyz Republic and Swiss National Bank discuss reserve management and agree to deepen cooperation and coordinate IMF positions
The National Bank of the Kyrgyz Republic's Chair, Melis Turgunbaev, met with Swiss National Bank Chair, Martin Schlegel, to discuss macroeconomic policy coordination and monetary policy issues. They assessed economic conditions, global financial market prospects, and central banks' management of international reserves. Both emphasized cooperation within the IMF Swiss constituency and agreed to deepen bilateral cooperation through expert exchanges and joint events.