The Central Bank of Ireland and the South African Reserve Bank have signed a Memorandum of Understanding in Washington DC to establish a framework for cooperation between the two institutions, in the context of South Africa’s G20 Presidency with Ireland participating as an invited member. The MoU focuses on two priorities of the G20 agenda under South Africa’s presidency: mitigating climate-related financial risks and advancing cross-border payments, including addressing challenges relating to cost, speed, access and transparency. It also frames this work in terms of central banks’ roles in safeguarding financial, economic and price stability against climate-related impacts and in regulating, supervising, operating, overseeing and upgrading financial market infrastructures to enhance payments.
Central Bank of Ireland 2025-11-05
Central Bank of Ireland and South African Reserve Bank sign cooperation MoU on climate-related financial risks and cross-border payments
The Central Bank of Ireland and the South African Reserve Bank signed a Memorandum of Understanding to cooperate on mitigating climate-related financial risks and advancing cross-border payments. This aligns with the G20 agenda under South Africa’s presidency, focusing on cost, speed, access, and transparency in payments, emphasizing the central banks' roles in ensuring financial stability and enhancing financial market infrastructures.