GCC Secretary General: Recommendations of Central Bank Governors Meeting Enhance Integration

Gulf Cooperation Council (GCC) Secretary-General Jasem Mohamed Albudaiwi stated that the outcomes and recommendations of the latest meeting of the Committee of Governors of Central Banks would help enhance financial and economic integration among GCC countries. His remarks came during the 83rd meeting of the Committee of Governors of Central Banks of the GCC countries, which occurred today in Doha, Qatar. The meeting was chaired by the Governor of the Central Bank of Qatar and current session chairman Shaikh Bandar bin Mohammed bin Saoud Al Thani, with the participation GCC central-bank governors. In his address, Albudaiwi expressed his gratitude to the Amir of the State of Qatar and the President of the Supreme Council in its current session, Sheikh Tamim bin Hamad Al Thani, for Qatar's sincere efforts and diligent work to strengthen the GCC's unity. He also praised the committee's valuable efforts to enhance cooperation and economic integration among the GCC countries, particularly in the monetary and banking fields. Albudaiwi cited achievements such as the adoption of guiding standards in banking and financial supervision, coordination in combating money laundering and terrorist financing, and the facilitation of financial transactions among GCC countries through advanced technological systems. Albudaiwi concluded his speech by noting that the committee's decisions and recommendations on the meeting agenda would promote economic convergence among the GCC countries in all monetary matters and drive them forward in this field. Source: Saudi Press Agency