A consultative meeting for the Central Banks Governors Board and Arab monetary funds
The Central Banks Governors Board and Arab monetary funds held an extraordinary virtual meeting to discuss the economic, financial and banking implications of the emerging Coronavirus pandemic on Arab countries. The meeting, which was attended by the UASA’s Secretary General as an observer, discussed the challenges that the current stage imposes on economic and financial reform, trends of financial flows and the impact of global and local financial markets fluctuations on economic and financial stability. The meeting also discussed the role of financial institutions and monetary policies in containing the effects of the current crisis. The Board also discussed effective measures to ensure business continuity as well as the risks and challenges that may arise from the use of modern financial technologies in the current circumstances.