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  HE the GCCSG: The Outcomes and Recommendations of the 83rd Meeting of the Committee of Governors of Central Banks will Contribute to Enhancing Financial and Economic Integration among the Member States

Secretariat General – Doha

His Excellency Mr Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), stated that the outcomes and recommendations of the 83rd meeting of the Committee of Governors of Central Banks will contribute to strengthening financial and economic integration among the GCC countries.

This was mentioned during the 83rd meeting of the Committee of Governors of Central Banks of the GCC held today, Thursday, September 12, 2024, in the Qatari capital, Doha, chaired by ​​​Hi​s Excellency Shaikh Bandar bin Mohammed bin Saoud Al Thani, Governor of the Central Bank of Qatar who is also the current session's president. The meeting was attended by Their Excellencies the Governors of Central Banks from the member states.

At the beginning of his speech, His Excellency expressed his heartfelt gratitude and appreciation to His Highness Shaikh Tamim bin Hamad Al Thani, the Amir of the State of Qatar and the President of the Supreme Council in its current session, for the sincere efforts and tireless work the State of Qatar is undertaking to enhance the blessed journey of the GCC, and for the support, assistance, and interest shown by His Highness and the esteemed government towards joint GCC action.

During his speech, His Excellency praised the valuable efforts made by the committee to enhance cooperation and economic integration among the member states, particularly in monetary and banking sectors. 

He highlighted the achievements realised, such as the adoption of guiding standards in banking and financial supervision, coordination of efforts in combating money laundering and the financing of terrorism, and facilitating financial transactions among the member states through advanced technological systems.

He concluded his speech by affirming that the decisions and recommendations reached by the committee regarding the topics on the meeting's agenda will enhance economic convergence among the member states in all monetary fields and advance the journey of the Council in this area.