Group Exchange London (LSEG) has been selected by the Banque de la République du Burundi (BRB) to deliver a complete range of market solutions.
The move marks an important step in modernizing Burundi’s economic infrastructure, allowing the transition to a more effective market ecosystem.
Edouard Normand Bigendako, Governor, Bank of the Republic of Burundi, said:
“This partnership with LSEG marks a transformative moment in our financial sector. With automation and digitization of our market work, we enhance transparency, improve business efficiency and lay the foundations for a more durable and comprehensive financial system that supports long -term growth.”
Nadim Najjar, CEO, Central and Eastern Europe, Middle East and Africa, LSEG, said:
“We are proud to support Burundi’s central bank as it promotes the infrastructure of the financial market. Through the development of our integrated platforms, we allow the transition to a more modern, transparent and effective economic ecosystem, which authorizes national economies and links them to global standards.”
The collaboration involves the start and automation of the basic elements of the Burundi domestic market infrastructure. LSEG will develop industry’s top platforms to support currency transactions, interbank liquidity management, domestic open market businesses and market surveillance. The solution integrates LSEG’s FX trading platform, the trade market market for interbank liquidity, auctions for open market businesses, and the purchase tracker for automated reports and market supervision in real time.
All of these capabilities will be delivered through the LSEG workspace, ensuring a safe, transparent and worldwide aligned system that authorizes the Central Bank and the authorized financial institutions to operate more effectively and with greater visibility.