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Visit of Finance Secretary Purisima to the Czech Republic

Singing of the Memorandum of Cooperation between the Department of Finance and the Ministry of Finance of the Czech Republic

On March 26.-27., Secretary Cesar V. Purisima visited the Czech Republic. During his working visit he met with his counterpart,Czech Finance Minister Miroslav Kalousek. On that occasion the Memorandum of Cooperation between the Department of Finance and the Ministry of Finance of the Czech Republic was concluded as a framework for future cooperation between both parties.

The MOC lays the foundation for mutual cooperation between the DOF and its Czech counterpart with special attention on public finance policies.  The MOC also provides guidelines on bilateral cooperation between both Finance ministries, particularly in the field of technical assistance. The cooperation involves the Czech Ministry of Finance assisting the DOF in areas of economic transition, reform processes in the forms of study visits, seminars and workshops, among other activities.

During his visit Secretary Purisima also met Mr. Tomáš Dub, the Deputy Minister of Foreign Affairs. Further he had a meeting with representatives of Czech Export Bank, Czech Chamber of Commerce and International Commercial Chamber, as well as with representatives of the privat business. Secretary Purisima also hold a presentation at the European Banking and Financial Forum on the economic potential of the Philippines and ASEAN.