OREANDA-NEWS. October 14, 2015. In the framework of the events of the IMF and the World Bank held in the city of Lima (Peru), the Bank of Russia Governor Elvira Nabiullina and the Bank of Laos Governor Somphao Phaysith signed the Memorandum of Understanding on Bilateral Cooperation between the Central Bank of the Russian Federation and the Bank of the Lao People’s Democratic Republic.

Key areas of cooperation determined by the Memorandum are exchange of information and best practices in the monetary policy, development of financial and payment systems and financial structure; organisation of consultations and workshops, and other issues falling within the competence of the Bank of Russia and the Bank of Laos.