H.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), is participating on Wednesday in the 49th Annual Meeting of the Council of Arab Central Banks and Monetary Authorities’ Governors, hosted by the Republic of Tunisia. The event is attended by Governors of Arab central banks, along with a number of distinguished representatives from regional and international financial institutions.
In this regard, Mr. Abdalla stated, “I am honored to participate in the current session of the Council of Arab Central Banks and Monetary Authorities’ Governors, which serves as an annual platform for regional dialogue and cooperation on economic and monetary trends, as well as for advancing economic development across our Arab region. This year’s session comes at a critical time, in light of the successive challenges confronting the global economy, particularly those arising from trade wars.” He further emphasized that these conflicts create multifaceted pressures that demand precise and timely responses from central banks.
Furthermore, Mr. Abdalla underscored that encouraging increased domestic production and strengthening productive capacities are two core pillars in containing inflationary pressures and achieving long-term economic stability. He also affirmed the commitment of central banks to advancing their tools and approaches in line with the evolving global economic landscape, ensuring price stability while supporting the resilience and adaptability of the economy in the face of future challenges. Additionally, central banks remain focused on enhancing transparency by clearly explaining the fundamental drivers and basis of monetary policy decisions, thereby boosting credibility and reinforcing the effectiveness of such policies.
The ongoing session, chaired by the Governor of the Central Bank of Sudan, addresses several key topics, including the challenges central banks face in managing shocks and pressures resulting from trade wars, frameworks to strengthen cybersecurity and resilience of the financial sector. The session will also track progress on the Comprehensive Instant Digital Payments Initiative in Arab Countries.
Moreover, the session involves reviewing and adopting the outcomes from technical committees, where representatives from Arab central banks take part. These committees specialize in banking supervision, financial inclusion, green financing, credit reporting, financial stability, payment and settlement systems, and FinTech. Additionally, a closed session is scheduled to discuss preparations for the launch of the third round of mutual evaluations and the challenges facing the Middle East and North Africa Financial Action Task Force (MENAFATF), focused on anti-money laundering and countering the financing of terrorism (AML/CFT).
On a related note, the CBE hosted the 48th Annual Meeting of the Council of Arab Central Banks and Monetary Authorities’ Governors last year under the auspices of H.E. President Abdel Fattah El-Sisi. Mr. Abdalla, Governor of the CBE, recently participated in the Permanent Bureau of the Board of Governors of Arab Central Banks meeting held in Abu Dhabi in July 2025.
