Doha, September 13, 2024 — Gulf Cooperation Council (GCC) Secretary-General Jasem Mohamed Albudaiwi highlighted that the recent outcomes and recommendations from the Committee of Governors of Central Banks will significantly advance financial and economic integration within GCC countries.
Albudaiwi made these remarks during the 83rd meeting of the Committee of Governors of Central Banks, held today in Doha, Qatar. The meeting was chaired by Shaikh Bandar bin Mohammed bin Saoud Al Thani, Governor of the Central Bank of Qatar, and included participation from central bank governors across the GCC.
In his address, Albudaiwi expressed appreciation to Sheikh Tamim bin Hamad Al Thani, the Amir of Qatar and President of the Supreme Council for the current session, for his steadfast efforts to strengthen GCC unity. He also commended the committee's efforts to boost cooperation and economic integration, particularly in the areas of banking and finance.
Albudaiwi underscored several key achievements, including the establishment of banking and financial supervision standards, enhanced coordination in fighting money laundering and terrorist financing, and the improvement of financial transactions between GCC countries through advanced technology. He concluded by noting that the committee's decisions and recommendations will further drive economic convergence and progress in monetary matters within the GCC.