Egypt’s PM inaugurates Council of Arab Central Banks Governors

The 43rd session of the Arab Central Banks Governors and Arab Monetary Associations Prime has been inaugurated by Minister Mostafa Madbouli  with the participation of more than 200 Arab bankers, central banks’ governors, ministers, economic experts and officials of the Arab Monetary Fund.

Governor of the Central Bank of Egypt (CBE) Tarek Amer, Governor of the Central Bank of Jordan and chief of the Arab Central Banks Council for the current round Ziad Fariz in addition to Director General of the Arab Monetary Fund and Chairman of the Board of the Arab Monetary Fund (AMF) Abdulrahman Al Hamidy will address the session.

The session is expected to discuss regional and international monetary, financial, and economic developments, their repercussions on Arab countries, issues of central bank governance, and central bank cryptocurrencies, among other topics.

The agenda also includes reviewing a report of the secretariat of the council presented by director general of AMF, a draft financial stability report for 2019 and a draft report on a unified Arab economy for 2019.

Additionally, the recommendations and actions of the Arab Banking Supervisory Committee, the Arab Commission for Payment and Settlement Systems, and the Arab Commission for Credit Information would be tackled during the session.

The agenda also includes discussing recommendations and actions of the Regional Working Group to promote financial inclusion in the Arab states and the Financial Stability Task Force.