About TCT Initiative

The technical cooperation carried out by the National Bank of Poland with other central banks of countries undergoing economic transition began in the mid-1990s. This activity consists in transfer of expertise and experience and is addressed to central banks in countries outside the European Union.

The Technical Cooperation for Transition Initiative (TCT) was launched in 2005, creating an opportunity for the beneficiaries to exchange their professional experience and expand skills they already possess. Henceforth, over 1300 participants from 34 countries completed the NBP’s trainings; some of whom implemented the NBP practices.

In recent years, a number of central banks of the countries under economic transformation expressed a strong interest in learning from the NBP’s experience and knowledge with regard to different aspects of the banking sector.

Beneficiaries of TCT – central banks from selected countries in transition

• Members of the Eastern Partnership Programme,
• Southeastern Europe,
• the Commonwealth of the Independent States,
• Asia (China, Bangladesh, Mongolia, Vietnam),
• Africa (Egypt, Kenya, Lebanon, Tunisia, South Africa, Syria),
• South America (Chile).

Forms of TCT Initiative

• seminars (2-3 days) for 20-25 experts from various central banks,
• workshops (2-3 days) for 10-15 experts from various central banks,
• study visits (2-5 days) for a group of experts from selected central banks,
• internships (2-8 weeks) for 1-2 representatives from selected central bank,
• expert visits of the NBP employees to other central banks.

The most interesting topics for the TCT participants are as follows:

• monetary policy and its instruments,
• foreign exchange reserves management,
• payment systems,
• financial stability,
• balance of payments statistics,
• economic education,
• security systems in a central bank,
• internal audit.

The main TCT goal is to support the development of institutional capacities of the cooperating central banks to ensure the stability of financial system in the individual countries and regions they operate in. The TCT aims to promote the cooperation and exchange of practical experience and effective communication between middle – and high – level management, along with the experts from central banks.

Upon analysis of the topic proposals submitted by central banks, the NBP prepares each year a training programme which is addressed to employees with adequate professional experience, interested and involved – in their daily work – in issues which constitute the training topics.