The ECB cooperates internationally when carrying out tasks entrusted to the Eurosystem and the Single Supervisory Mechanism. This cooperation includes:
International cooperation is voluntary and non-binding, so it does not impinge on the ECB’s domestic mandate and independence. Under exceptional circumstances, the ECB may coordinate its actions with those of central banks outside the euro area, as occurred during the global financial crisis.
The ECB has permanent observer status at the IMF. It can participate in IMF Executive Board meetings on specified topics and topics relevant to the mandate of the ECB.
As part of the European Union delegation the ECB participates in meetings of G20 finance ministers and central bank governors as well as their substructures. It also takes part in meetings of G7 finance ministers and central bank governors.
The ECB is a member and shareholder of the BIS. It participates in the BIS governing and oversight bodies and in all committees and working groups based on this institution, including:
The ECB participates in a number of committees and working groups of the OECD, where it acts as a separate member of the European Union delegation alongside the European Commission.
The ECB participates in the Financial Stability Board and a number of its substructures.
The ECB maintains relations with central banks of advanced and emerging market economies outside the EU. Exchanging views and information enables the ECB to better understand the external environment of the euro area and to explain its policies.
The ECB also engages in technical central bank cooperation.
The ECB monitors and analyses a wide range of international economic, financial and monetary issues relevant for fulfilling its mandate. This includes: