Regional Economic and Financial Challenges Discussed in Marrakesh Meeting

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During the meeting convened on the 11th of October 2023 in Marrakesh, Kingdom of Morocco, H.E. Mr. Saddek Omar Elkaber, the Governor of the Bank of Libya, engaged with regional governors from the Middle East and Central Asia.

The meeting, attended by the President of the International Monetary Fund, Kristalina Georgieva, and the Director of the Fund’s Middle East and Central Asia Department, Mr. Jihad Azour, centered on the economic and financial challenges in the region amidst global inflation.

Additionally, they delved into discussions on credit and liquidity risks within the banking sector, particularly in a stressful environment, and explored strategies aimed at bolstering precautionary measures.