Meetings of Central Banks and Monetary Authorities

SESRIC convenes the Governors of the concerned financial institutions operating in OIC Member Countries for the purpose of sharing experiences on financial policies and central banking in order to catch up with the world’s agenda and follow up global trends and developments as well as to improve and enhance the level of cooperation and coordination among the Central Banks of the OIC Member Countries.

The Meeting was initiated when the world economy was still suffering the negative impacts of the global financial crisis which manifested in continuous slowdown of economic growth and high unemployment rates in many countries around the world. The Meeting worked out for the institutionalization of this SESRIC initiative,  supporting the efforts of the OIC Member Countries to mitigate the negative impacts of global financial crises and shocks on their economies.

The Meeting of the Central Banks and Monetary Authorities held on 3 October 2009 in Istanbul, Republic of Turkey, adopted the Final Communiqué in which the Governors of the Central Banks and the Heads of Delegations decided to convene the Meeting of the Central Banks and Monetary Authorities of the OIC Member Countries on an annual basis.

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Implemented Meetings

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The 2013 Meeting of the Central Banks and Monetary Authorities of the OIC Member Countries
Date : 27-28 November 2013 Venue : Jeddah Saudi Arabia

Organized jointly by the SESRIC, the Saudi Arabian Monetary Agency (SAMA) and General Secretariat of Organisation of Islamic Cooperation, the 2013 Annual Meeting of the Central Banks and Monetary Authorities of the OIC Member Countries was held on 27-28 November 2013 in Jeddah, Kingdom of Saudi Arabia, under the hospitality of the SAMA. Delegates from OIC member countries – including governors, deputy governors and central bank experts – and representatives of international organizations such as Islamic Financial Services Board, Financial Stability Board and Basel Committee attended the Meeting. Themed “Impact of Recent International Financial Regulatory Reforms on OIC Countries”, the two-day Meeting was comprised of an Expert Group Workshop (EGW) on the first day and a Governors Meeting on the second. The Centre was represented by Prof. Savas Alpay, Director General; Mr. Nabil Dabour, Director of Economic and Social Research Department and Dr. Umut Unal, Researcher.