The BIS is an international organization based in Basel, Switzerland that acts as a bank for central banks worldwide. Chartered in 1930, the BIS evolved in the 60s into an influential monetary institution, assisting central bankers in their tactical and strategic needs.
"We are very happy that the BIS chose the Philippines as one of its conference and meeting sites. That is a good indication," Bangko Sentral ng Pilipinas (BSP) Governor Rafael B. Buenaventura said.