The Board of Governors of Arab Central Banks holds meeting in Abu Dhabi

Meeting of the Board of Governors of Arab Central Banks

The Arab Monetary Fund held its annual meeting in Abu Dhabi at the annual meeting of the Board of Governors of Central Banks and Institutions Arab currencies. The Governor of the Central Bank of Mauritania, HE Mohamed Abdel Mansour Zemmam, Governor of the Central Bank of Yemen and Tarek Amer, Governor of the Central Bank of Egypt, Chairman of the Board of Directors of the Arab Monetary Fund [19659003] The agenda of the meeting – in addition to the report of the Council Secretariat presented by Abdulrahman bin Abdullah Al-Humaidi – included a number of topics including a report on the work of the Arab Banking Supervisory Committee. of the Regional Working Group on Strengthening Financial Inclusion and the Working Group on Financial Stability in Arab Countries, as well as a report on the work of the Arab Credit Information Committee and another report on the work of the Arab Committee on Payment and Settlement Systems. The most important of these are "Basel III liquidity risk management in Arab countries", "Identification and management of risks of support to associated companies", "Procedures for monitoring and supervision of fragile banks", "Empowerment of banks" Women and Banks "and The role of remittances in supporting financial stability, the development of asset registration systems in Arab countries and the use of credit information for monitoring purposes and control in Arab countries.

The Governors emphasized the importance of following up on the decisions of the Basel Committee and working to convey the views of the Arab countries on these decisions and to follow the implications of the applications of modern financial technologies. in the Arab countries. Arab Summit for 2018, to be presented by the Arab Group at the annual meetings of the International Monetary Fund and the World Bank scheduled for next October in Bali, Indonesia. The focus has been on international financial institutions to double their support to the Arab region. The Permanent Bureau of progress made in the regional initiative launched by the Arab Monetary Fund to improve financial coverage in the Arab countries in cooperation with the Global Alliance for Financial Inclusion and the Agency German Development and the World Bank. He expressed hope that Arab countries will adopt national strategies and programs to strengthen financial inclusion, especially to enable women, youth, micro, small and medium-sized enterprises to access financial services and expand access to modern technologies and benefit from international experiences.

(IMF) and the Arab Monetary Fund to support the Fund's efforts in this regard.