Participation of the Central Bank of Tunisia's Governor in the Joint Annual Meetings of Arab Financial Institutions and the 47th Annual Meeting of the Board of Governors of the[...]

Participation of the Central Bank of Tunisia's Governor in the Joint Annual Meetings of Arab Financial Institutions and the 47^th Annual Meeting of the Board of Governors of the Arab Monetary Fund

Mr. Fethi Zuhair Nouri, Governor of the Central Bank of Tunisia, participated in the 47th Annual Meeting of the Board of Governors of Arab Central Banks and Monetary Institutions as Governor at the Arab Monetary Fund (AMF). This meeting was held on 22-23 May in Cairo within the framework of the Joint Annual Meetings of Arab Institutions for the year 2024.

These annual meetings represent an important occasion to discuss the challenges facing financial policymakers in the Arab region in light of regional and international economic and financial developments, along with the possible ways to foster the AMF's role as a regional financial institution in providing financial and technical support to help Arab countries face these challenges.

Mr. Nouri also participated in a high-level workshop titled "Improving Response and Capacity to Face Shocks and Promote Growth: The Role of Macroeconomic and Macroprudential Policies", where he delivered an intervention titled "Macroeconomic Policies for Shock Management and Resilience Building in an Unstable Environment".

In this context, the Governor reviewed the Central Bank of Tunisia's experience, emphasizing the role it has played in recent years in supporting economic policies and proposing measures that positively affect the national economic growth. He highlighted its role as the State's economic and financial advisor, alongside its primary mission of leading monetary policy and using tools to achieve the objectives of maintaining price and financial stability. This contributed to controlling economic balances, such as reducing the current account deficit, controlling inflation, stabilizing the foreign exchange rate, and maintaining the level of foreign currency reserves while fulfilling the State's external obligations. This reflects the resilience and coherence of the Tunisian economy in facing various shocks.

In conclusion, Mr. Nouri stressed the importance of coordinating a mix of financial and monetary policies and the success of each party in their roles to effectively deal with crises in order to boost the economic stability and improve the response to future crises.