Published on: 19-Sep-2023

The Central Banks Board of Governors and Arab Monetary Institutions held its 47th session in Algeria in the presence of governors of central banks and Arab monetary institutions, where the Union of Arab Securities Authorities (UASA), represented by the Secretary General, participated in this session as an observer. The session discussed the global inflation and its repercussions on monetary policy in the Arab countries, as well as the risks of climate change on the financial system and banking services, and the challenges of shifting towards green finance. The Board also discussed the progress of the working groups, the financial stability report in the Arab countries, and the priorities of Financial Action Task Force (FATF) and challenges in implementing its standards in the Arab region.