Arab League Secretary General Praises Arab Monetary Fund as Key Partner in Reaching Regional Economic Stability

Secretary General of the Arab League Dr. Ahmed Aboul Gheit praised the Arab Monetary Fund's (AMF) vital role in supporting Arab governments, and promoting economic, financial, and monetary stability across the region. Speaking at the opening of the 48th ordinary meeting of the Council of Arab Central Banks and Monetary Authorities' Governors in Cairo, Aboul Gheit emphasized the responsibility central banks bear in managing monetary policies in the current political and economic turmoil. He noted that these institutions operate in a dynamic environment marked by complex challenges, such as financial technology advancements, AI, global market volatility, and rising uncertainty. Aboul Gheit further stressed that the council, along with Arab monetary institutions, holds a critical role in addressing present and emerging challenges and fostering Arab cooperation and joint action. He emphasized the need for continuous exchange of information and policy coordination, to maximize the potential of the Arab economy. Expressing confidence in the capabilities of Arab banks and the expertise of their human resources, Aboul Gheit lauded their ability to navigate this challenging period with vigilance, flexibility, and resilience, to adapt to unexpected shocks. Source: Saudi Press Agency