H.E. the Governor of the Central Bank of Jordan inaugurated the workshop with welcoming remarks, emphasizing that virtual assets have become one of the most pressing global issues shaping economic and regulatory agendas. He highlighted that virtual assets are not only a fertile ground for innovation and the development of financial services but also present significant challenges and risks related to money laundering, terrorist financing, consumer protection, and financial system stability.
His Excellency noted that Jordan, under the guidance of His Majesty King Abdullah II Ibn Al Hussein and the follow-up of His Royal Highness Crown Prince Al Hussein bin Abdullah II, has in recent years conducted in-depth studies on this phenomenon and engaged in consultations with regional and international partners. This effort culminated in the enactment of Virtual Assets Law, which serves as the cornerstone for establishing a comprehensive, balanced, and nationally tailored legislative and regulatory framework aligned with global best practices.

The workshop was inaugurated by H.E. Dr. Fathi Zouhair Nouri, Governor of the Central Bank of Tunisia, and H.E. Dr. Fahad M. Alturki, Director General Chairman of the Board of the Arab Monetary Fund, with the participation of a number of governors of Arab central banks and monetary institutions. Also attending were representatives of prominent international institutions such as the Bank for International Settlements, the Financial Stability Board, the European Stability Mechanism, the Central Bank of Turkey, and the Central Bank of West African States, in addition to a distinguished group of experts and specialists.

The workshop discusses monetary and fiscal policies in light of rapid global changes, with a focus on three main themes: monetary policy amid uncertainty, financial stability, and the readiness of the financial sector to confront crises. This comes at a time when the global economy is facing mounting challenges that call for closer cooperation between regional and international financial institutions.

The meeting was inaugurated by H.E. Ms. Mishkat Al-Khaldi, Minister of Finance of Tunisia, with the participation of H.E. Mr. Burai Al-Siddiq Ahmed, Governor of the Central Bank of Sudan and current Chair of the Council, and H.E. Dr. Fahad M. Alturki, Director General Chairman of the Board of the Arab Monetary Fund, along with a number of governors and representatives of regional and international financial institutions.

The discussions addressed key economic challenges, particularly the impact of trade wars on economic stability and the role of monetary policy in responding to global uncertainty. The meeting also examined ways to enhance cybersecurity in the financial sector and reviewed progress on the Arab Instant Payments Initiative.

The agenda further included discussions on Arab financial and economic stability reports and preparations for the Joint Arab Statement to the upcoming IMF and World Bank Annual Meetings.

Banking, real estate, and energy sectors supported the overall performance, with the “MSCI Arab Markets Index” rising by 2.36%. The decision of Arab central banks to maintain interest rates, in line with U.S. monetary policy, also contributed to supporting liquidity and deepening markets.

Globally, markets witnessed relative stability, underpinned by optimism over the trajectory of trade negotiations. U.S. and European markets posted gains, led by the FTSE (4.24%) and Nasdaq (3.70%). In Asia, the technology sector was the main driver, while emerging markets registered mixed gains, against a decline in Latin America of 4.60%.

Download the full bulletin here:

https://www.amf.org.ae/ar/publications/nshrt-aswaq-almal/alnshrt-alshhryt-laswaq-almal-alrbyt-aldd-altas-walkhmswn

The workshop aims to strengthen the understanding of the new System of National Accounts, support member countries in preparing digital supply and use tables, and discuss issues related to the digital economy, sustainability, and economic well-being.

The workshop will include a high-level session with the participation of leaders from international and regional institutions to discuss ways of supporting the implementation of the new system and enhancing statistical cooperation.

Dr. Fahad M. Alturki, Director General Chairman of the Board of the Arab Monetary Fund, emphasized the importance of the workshop in exchanging expertise and strengthening the statistical capacities of Arab countries, underscoring the AMF’s role in supporting economic stability and providing technical assistance to its member states.

In this context, H.E. Dr. Fahad M. Alturki, Director General Chairman of the Board of the Arab Monetary Fund, commended the efforts of Arab central banks and monetary authorities in maintaining the soundness of the financial and banking sector, strengthening its stability, developing regulatory frameworks, policies, and prudential measures, and applying leading international standards and practices. He also praised the topics addressed by the Task Force, as well as the participation of relevant regional and international financial institutions and frameworks, highlighting their important role in enriching the discussions. Finally, His Excellency noted the keen interest of the Governors of Arab central banks and monetary authorities in the work of the Task Force and its prominent role in exchanging experiences and expertise at both the regional and international levels.