THE ARAB MONETARY FUND ORGANIZES A "REMOTE" CONSULTATIVE MEETING OF THE DEPUTY GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS

by **claud39** Wed Jun 23, 2021 6:44 pm

THE ARAB MONETARY FUND ORGANIZES A "REMOTE" CONSULTATIVE MEETING OF THE DEPUTY GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS

2021-06-22

The people are discussing

Current regional and international economic and financial issues

The main systemic risks to financial stability to support the recovery phase

The right time to loosen or withdraw support packages

The role of the private sector in supporting efforts to enhance economic, financial and social stability

Means of protecting and encouraging productive sectors

Strengthening the digital infrastructure of the financial sector and encouraging digital transformation in the recovery phase

Aspects to be taken into account when developing stress tests اختبارات

Today, Tuesday, June 22, 2021, the Arab Monetary Fund is organizing a “remotely” consultative meeting of deputy governors of central banks and Arab monetary institutions, to discuss plans for economic recovery for the post-pandemic period in the Arab region, and what is required to review and evaluate the procedures of central banks and frameworks. Precautionary. This meeting will be attended by Their Excellencies the Deputy Governors of Arab Central Banks and Monetary Institutions, the Head of the Crisis Group in the Financial Stability Board - the former Governor of the Central Bank of Slovenia, the Deputy Governor of the Reserve Bank of Australia, the Deputy Governor of the Bank of Italy, and a number of senior technicians from Arab central banks and international financial institutions. In addition to the Arab Monetary Fund, which holds the secretariat for the Board of Governors of Arab Central Banks and Monetary Institutions.

The meeting will discuss many issues related to financial stability and the role of central banks in the stage of economic recovery, including means of protecting and encouraging productive sectors, strengthening the digital infrastructure of the financial sector and encouraging digital transformation, the role of the credit information industry, and the reflection of the inherent systemic risks on the financial sector after the withdrawal of packages Support, and aspects to be taken into account when developing stress tests, in addition to the optimal methodology for rebuilding capital and liquidity margins that had previously been relaxed or liberalized in the banking sector. The discussion also addresses current regional and international economic and financial issues, including trends in the global economy in the economic recovery phase, the ability of public finances to support a strong economic recovery, lessons learned from the Corona pandemic crisis, and the role of the private sector in supporting government efforts to enhance economic, financial and social stability.

On this occasion, His Excellency the Director-General and Chairman of the Board of Directors of the Fund, Dr. Abdul Rahman bin Abdullah Al-Hamidi, expressed his happiness at the continuation of dialogue at the level of deputy governors of Arab central banks on appropriate plans and policies to support economic recovery in Arab countries in the post-Corona pandemic crisis, with the participation of Experts of regional and international institutions, stressing the importance of exchanging experiences at this stage on the main systemic risks that threaten financial stability to support the recovery phase and discussing the appropriate timing to ease or withdraw support packages.

https://www.amf.org.ae/ar/content/%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D9%8A%D9%86%D8%B8%D9%85-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9%D8%A7%D9%8B-%D8%AA%D8%B4%D8%A7%D9%88%D8%B1%D9%8A%D8%A7%D9%8B-%D8%B9%D9%86-%D8%A8%D8%B9%D8%AF-%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D9%85%D8%AD%D8%A7%D9%81%D8%B8%D9%8A-%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%B1%D9%81-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A%D8%A9-%D9%88%D9%85%D8%A4%D8%B3%D8%B3%D8%A7%D8%AA-0