Bank of International Settlements (BIS)

The Bank for International Settlements (BIS) is an international financial institution that serves as a bank for central banks. Established in 1930 and based in Basel, Switzerland, its primary purpose is to promote monetary and financial stability globally. BIS facilitates cooperation among central banks, provides financial services to them, and conducts research on economic and financial issues. It plays a key role in fostering dialogue and collaboration on monetary policy and financial system stability, making it an important player in global economics.