Magyar Nemzeti Bank’s inaugural Technical Cooperation Programme for partner central banks starts with seminar focusing on green finance

Magyar Nemzeti Bank, the central bank of Hungary successfully launched its Technical Cooperation Programme for 2023 with a seminar titled “Green and Sustainable Finances – Introducing the MNB’s Green Program” organised between 14-16 June in Budapest. The new initiative aims to foster the MNB’s collaboration with its partners, facilitate the exchange of knowledge and financial dialogue among central banks. The Programme is built on the belief that knowledge-transfer and personal connections have a vital role in effective economic policymaking, financial stability and growth, therefore benefit all parties involved.

As climate change and the green transformation of the economy have an impact on price stability, central banks must be active in the field of environmental sustainability. Given the importance of the topic, the first event of the MNB Technical Cooperation Programme was dedicated to financial sustainability and introduced the MNB’s pioneer Green Program. The seminar provided a comprehensive overview and deep dives into the sustainability aspects of MNB’s operations, ranging from carbon footprint reduction and greening the monetary policy to climate stress tests. The 2,5-day event was an excellent opportunity for the participating central bankers to expand their knowledge and build valuable relationships with other professionals from the Balkans, the Caucasus, the Middle East, Central and East Asia. 

Themed “Stability and Innovation”, the MNB Technical Cooperation Programme offers four seminars over the year, covering both conventional central banking functions and the contemporary, technology-driven developments of the financial landscape. In the future, the program is expected to expand in accordance with the latest trends and the needs of our partners. The introductory brochure of the program, which contains detailed description of the seminars and application deadlines, is available on MNB's webpage.

Within the framework of the new Programme, the following seminars are organized in 2023 in Budapest:

Green and Sustainable Finances – Introducing the MNB’s Green Program             1 4-16 June 2023

The MNB’s approach on supporting Digitization and FinTech innovations          25-27 October 2023

Financial Infrastructures, Payments and Cyber Security                                  22-24 November 2023

Financial Stability and Macroprudential Policymaking                                         6-8 December 2023