GCC Secretariat participate in in Switzerland’s BIS 89th Session

GCC Secretariat participate in in Switzerland’s BIS 89th Session

The General Secretariat of the Gulf Cooperation Council (GCC) has participated in the 89th session of the Bank for International Settlements (BIS) that takes place in Switzerland from 29 to 30 June 2019.

GCC Assistant Secretary General for Economic and Development Affairs Khalifa bin Saeed Al-Abri and Director of the Monetary and Financial Department, at the Economic Sector Saad Al-Kharashi represented the secretariat.

The session discussed the annual economic report of the bank, the challenges facing the global banking sector and the importance of mixing monetary and monetary policies.

It also took precautionary measures to protect the macro economy, the role played by financial services technology, in the banking sector, to protect the financial and economic sector.