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Bank of Namibia

Summary

Find out more about DBN and BON Sign Memorandum of Understanding.

DBN and BON Sign Memorandum of Understanding
17 June 2024 | Media Release
 

In a significant step towards bolstering economic growth and development in Namibia, the Bank of Namibia (BoN) and the Development Bank of Namibia (DBN) have formalised their commitment to collaborative efforts through a newly signed Memorandum of Understanding (MoU) on 17 June 2024. Given their strategic role in influencing economic prosperity, both institutions recognise the importance of working together to enhance their respective mandates to drive economic progress. As such, the new partnership aims to leverage the combined expertise and resources of the BoN and DBN to chart the right course in achieving sustainable economic development and social welfare for the Namibian people.

The MoU establishes a framework for cooperative engagement, aiming to facilitate collaboration on initiatives that promote economic growth and development in Namibia. This includes sharing relevant data and information, conducting joint research, organising economic seminars, and working on projects that address specific developmental challenges.

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