Introduction

Dear Colleagues,

At the Magyar Nemzeti Bank, the central bank of Hungary we believe that central bank cooperation and internationalknowledge-sharing are fundamental pillars of successfully tackling global challenges.

As we enter the third year of the MNB Technical Cooperation Programme, we continue our journey of knowledge-sharing with stronger commitment to fostering international collaboration and advancing expertise.

We find ourselves navigating uncharted waters - whether it is managing the impact of climate change and integrating sustainability into financial decision-making, addressing financial stability risks, or embracing the digital transformation of the financial sector. Our Technical Cooperation Programme in 2025 will focus on these main themes, moreover we will introduce a new topic, as reliable economic forecasting and structural modelling are essential tools for central banks to anticipate challenges and support monetary policy decisions.

Building upon the achievements of our Programme in the past two years, we are excited about the continuation in 2025 and the growing interest from our partners. In 2024 our seminars attracted more than 110 distinguished participants from nearly 30 counties, whose positive feedback underscored the significance of this knowledge-transfer initiative. In response to this demand, we are pleased to continue offering seminars with more tailored and developed agendas.

Our target group remains unchanged, and we warmly invite our partners from the WesternBalkans, the Caucasus, the Middle East, Central and East Asia and Africa to join our seminars to learn about the MNB’s best practices and experience. We look forward to a year of productive exchanges and insightful discussions in 2025, remaining confident that this seminar-series will keep on serving as a meaningful platform for valuable partnerships. We sincerely hope to welcome you in Budapest at one of our seminars.

Barnabás Virág

Deputy Governor