Preparatory Meeting of the Central Bank Strategy Expert Group

On Thursday, June 20, 2024, the Preparatory Meeting of the Central Bank Strategy Expert Group, organized by the Banco de España in conjunction with CEMLA, was held in digital format. The purpose of the event was the formation of the Group, establishing its work objectives and defining its operating mechanisms. It was attended by 25 representatives from nine CEMLA Associate Member central banks, one Collaborating Member and two CEMLA representatives.

During the meeting, several crucial issues for the organization and operation of the Group were addressed. Its structure was discussed, highlighting the importance of fostering learning and collaboration among central banks. In addition, the need to address strategic risks and develop a repository of information was emphasized. The meetings will be annual and rotating, with the first face-to-face meeting scheduled for October 2024 in Madrid, Spain.

During the session, representatives from several central banks shared their experiences in the implementation and measurement of strategic planning. Banco de la República (Colombia) highlighted its focus on the definition of strategic indicators and their rigorous monitoring. The Banco Central de Costa Rica presented its strategic planning methodology, highlighting the evolution of the model and the importance of interdepartmental collaboration. The Banco de España also presented its methodology for environmental analysis, stressing the importance of an adaptive and continuous approach.