On the sidelines of the Annual Spring Meetings of the International Monetary Fund and the World Bank currently being held in Washington, D.C., Ms. Amina Mirghani, Governor of the Central Bank of Sudan, met with Mr. Jameel Ahmad, Governor of the State Bank of Pakistan.

The meeting discussed bilateral relations between the two central banks and ways to strengthen and activate them in a manner that serves the mutual interests of both countries. Discussions included the possibility of establishing correspondent banking relationships between commercial banks in Sudan and Pakistan, either directly or indirectly, to facilitate trade transactions and settlement of payments.

The Governor of the Central Bank of Sudan explained that the Bank seeks to benefit from the expertise and experience of the State Bank of Pakistan in the areas of payment systems, digital technology, cybersecurity, and artificial intelligence, in addition to leveraging Pakistan’s advanced experience in banking supervision and inspection, as well as in designing monetary policy tools related to liquidity management within Islamic financial systems.

She noted that such cooperation could be implemented through short-term training programs or direct secondments to the central bank.

For his part, the Governor of the State Bank of Pakistan expressed immediate readiness to provide all technical assistance across various banking fields. He also stated their willingness to facilitate the establishment of correspondent banking relationships between the two countries, given their importance in boosting trade relations and encouraging investment.