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Monday, January 30, 2023

Financial Stability: Morocco Participates in Istanbul Conference on Role of Central Banks

Mediterranean central banks discussed, on Monday at a conference in Istanbul, their role in maintaining financial stability in a context of uncertainty, with the participation of Morocco’s central bank -Bank Al-Maghrib (BAM).

The meeting, held under the theme “Building Resilience in Uncertain Times: Safeguarding Financial Stability, Encouraging Investments”, was attended by governors of central banks of Turkey, Spain, Greece, Tunisia, Croatia, Malta and Libya, as well as high-level representatives of central banks of Morocco and Italy, and the Organization of Islamic Cooperation (OIC), said the initiators in a statement.

Morocco was represented at this meeting, organized by the Banks of Spain and Turkey, the Organization for Economic Cooperation and Development (OECD) and the European Institute of the Mediterranean (IEMed), by Director of Economic Studies at BAM, Mohamed Taamouti.

The conference discussed the role that central banks should play to ensure financial stability, threatened by economic, energy and geopolitical tensions exacerbated by the crisis in Ukraine, according to the same source.

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