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الشارقة 24
UAE Central Bank Leads Global Financial Support
The Governor of the Central Bank of the United Arab Emirates, Khaled Mohamed Balama, affirmed that the UAE banking sector possesses strong financial indicators, with high levels of liquidity and capital, which enhances its ability to face challenges and support global financial stability. He pointed out that the UAE is committed to supporting international financial stability through flexible monetary policies, with an emphasis on developing regulatory and supervisory frameworks, accelerating digital transformation, and fostering financial innovation, while safeguarding the financial system from cyber risks. These efforts aim to enhance the country's position as a leading global financial hub. This statement was made during his participation in the annual meetings of the International Monetary Fund and the World Bank in Bangkok, where he emphasized the importance of international cooperation and knowledge exchange to support growth and financial stability at both local and global levels.
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