Khalid Mohamed Balama, the Governor of the Central Bank of the UAE, participated in the 49th meeting of the Council of Governors of Arab Central Banks and Monetary Institutions, which took place in Tunisia. The discussions focused on enhancing the effectiveness of central banks in responding to crises and the trade tensions currently affecting global markets, as well as frameworks for improving cybersecurity in the financial sector and updates on the comprehensive instant payment initiative in the Arab region.
The meeting also included a gathering of Gulf central bank governors with the President of the Financial Action Task Force (FATF), where strategies for strengthening cooperation in the fight against money laundering and terrorism financing were addressed, alongside support for mutual evaluation processes.
Additionally, Balama participated in a related discussion session titled: “Reassessing Monetary and Financial Policies Amid Growing Uncertainty,” aimed at exploring crisis preparedness tools in light of the rapid changes in the economic landscape and global environment.