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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2014 Meeting of the Central Banks and Monetary Authorities of the OIC Member Countries “Dealing with Financial Stability Risks: Macro-prudential Policy and Financial Deepening in Islamic Finance”
Date : 05-06 November 2014 Venue : Surabaya Indonesia

The 2014 Annual Meeting of the Central Banks and Monetary Authorities of the OIC Member Countries was organised jointly by SESRIC and Bank Indonesia, and held on 5-6 November 2014 in Surabaya, Republic of Indonesia. Delegates from more than 30 OIC member countries including governors, deputy governors, technical experts, and senior representatives of relevant OIC and other international organisations including the Islamic Development Bank (IDB), International Monetary Fund (IMF), Asian Development Bank (ADB), Islamic Financial Services Board (IFSB), and the Bank for International Settlements (BIS) attended the Meeting. Themed “Dealing with Financial Stability Risks: Macro-prudential Policy and Financial Deepening in Islamic Finance”, the two-day Meeting was comprised of an Expert Group Workshop (EGW) in the first day, followed by a Governors Meeting in the second. The Centre was represented by Prof. Savas Alpay, Director-General, Mr. Nabil Dabour, Director of Research, and Mr. Nadi Serhan Aydin, Senior Researcher.