CBE to host 48th annual meeting of Council of Arab Central Banks

This meeting will be preceded by a workshop titled Increasing the Strength and Stability of the Financial System in the Age of Digitization on 30 September.

The meeting will be attended by Prime Minister Mostafa Madbouly, CBE Governor Hassan Abdalla, and Fahd bin Mohamed Al-Turki, the governor of the Saudi Central Bank (SAMA) and the director-general, chairperson of the Council of Arab Central Banks and monetary authorities.

The announcement stated that the meeting will tackle important topics of economic priority in the current era, the most important being the management of the monetary policy in an environment characterized by a high level of uncertainty and a frequency of shocks.

In addition, it will discuss the repercussions of the private sector’s debts on financial stability in Arab countries, the role of central banks in dealing with climate change issues, and the organizing regulations for artificial intelligence applications in the financial sector.

Moreover, the meeting will touch upon the results of the technical committees’ work and work groups specialized in the fields related to the central banks of Arab countries.

It will also accredit the annual report of financial stability in Arab countries and the unified Arab economic report.

In addition, it will give a final version of the issues to be included during the annual meetings of the International Monetary Fund (IMF).

On another note, the CBE announced in September that it will sell part of its stake in the United Bank on the EGX.