BCC
Bilateral Assistance and Capacity Building for Central Banks
What we do
BCC supports central banks in emerging countries to be more effective, through tailored capacity building. The BCC programme, funded by SECO and implemented by The Graduate Institute, Geneva aims to support partner central banks in emerging countries in building the analytical and technical expertise to conduct effective monetary policy, promote stable and efficient financial sector, and be more operationally sustainable. Our support is tailored to the central bank’s specific needs. BCC supports central banks in SECO priority countries and is currently working with the central banks of Albania, Azerbaijan, Bosnia and Herzegovina, Colombia, Peru and Tunisia.
Our activities
The programme supports the central banks to make better decision through better staff capacity, tools, and processes. It does so by providing capacity building support in the form of:
|
Technical Assistance
BCC provides partner central banks with experts to deliver a combination of theoretical courses with practical support to build sustainable capacity
|
Peer to Peer
BCC encourages partner central banks to learn from each other’s experiences. This is facilitated through technical workshops in partner countries, short visits, and remote collaboration
|
Annually, BCC organizes an international conference
in Geneva |
BCC provides research support either in person at IHEID, with the researcher visiting IHEID for a semester (visiting programme) or through remote research-coaching by a professor (coaching programme)
|
Our areas of support
BCC aims to help central banks by working with them across 2-3 priority areas among the following 6 areas:
1. Monetary policy analysis and implementation
Constructing different scenarios to analyse policy effects and inform monetary policy decision-making; this includes managing the money base in the country and foreign exchange reserves held by the central bank
Constructing different scenarios to analyse policy effects and inform monetary policy decision-making; this includes managing the money base in the country and foreign exchange reserves held by the central bank
3. Financial stability
Monitoring the financial sector to avert or mitigate risks (when it falls under the mandate of the central bank)
Monitoring the financial sector to avert or mitigate risks (when it falls under the mandate of the central bank)
4. Financial sector development
Strengthening the financial sector, by promoting lending, strengthening payment systems, etc.
Strengthening the financial sector, by promoting lending, strengthening payment systems, etc.
5. Operational risk management
Ensuring the central bank’s business-continuity in case of external crises such as natural disasters, attacks, etc.
Ensuring the central bank’s business-continuity in case of external crises such as natural disasters, attacks, etc.
6. Human resource management
Strengthening professional profiles, recruitment and promotion systems within the central bank
Strengthening professional profiles, recruitment and promotion systems within the central bank
Latest news and activities
|
As of February 2019, six researchers from our partner central banks are joining our visiting and coaching research programmes. We look forward to working with them to produce highly insightful and relevant research papers.
*Note the number of researchers for this semester is exceptionally high, and will revert back to three as of semester 2, 2019 |
Throughout the months of February and March 2019, SECO and our partner central banks are signing bilateral memorandums of understanding, marking the official start of BCC's technical assistance.
|
BCC in the media
Strengthening of Central Bank Capacities continues With Support of the Swiss Government..." |
Central Bank of BiH presented preliminary Findings of the Bilateral Assistance and Capacity Building Program..." |
Bank of Albania and the Swiss Secretariat for Economic Affairs (SECO) sign a Memorandum of Understanding..." |
Our team has supported central banks in emerging economies since 2013
|
PAPERS PUBLISHED SINCE 2013
BCC is currently in its Phase 2
from 2018 to 2022 |
BCC Countries currently being supported
Albania, Azerbaijan, Bosnia and
Herzegovina, Colombia, Peru, and Tunisia |