Definition: Bank for International Settlements

Category: External debt - IMF

Established in 1930 by intergovernmental convention, the Bank for International Settlements (BIS) promotes cooperation among central banks. In this capacity it carries out four main functions: it holds and manages deposits from a large number of central banks throughout the world; it serves as a forum for international monetary cooperation; it assists as agent or trustee in the execution of various international financial agreements; and it carries out research and issues publications on monetary and economic subjects. http://ec.europa.eu/eurostat/ramon/statmanuals/files/external_debt_guide_2003_EN.pdf#page=255 Bank for International Settlements Web site