SBP hosts 43rd SaarcFinance Governors’ Meeting, and the SaarcFinance Symposium

ISLAMABAD: The 43rd SaarcFinance Governors’ Group Meeting was held on May 2, 2023 in Islamabad. Jameel Ahmad, Governor State Bank of Pakistan chaired the meeting. He welcomed the Governors of SAARC central banks and other delegates to this Regional meeting of SaarcFinance. He specifically extended his gratitude to Maha Prasad Adhikari, Governor of Nepal Rastra Bank; Dr. P. Nandalal Weerasinghe, Governor of Central Bank of Sri Lanka; and delegates from other central banks of the region for their presence in person, says a Press release.
In his opening remarks, Governor Jameel Ahmad noted that the SAARC region has confronted with multiple challenges and facing difficult times in terms of a very high inflation, slow growth, pressure on fiscal and external balances, climate changes, and increased incidence of poverty. In this situation, the SaarcFinance forum provides an opportunity to learn from each other’s experiences on relevant macroeconomic policies and the need to fortify regional cooperation in the face of a challenging environment.
After opening remarks by Governor SBP, the central banks’ Governors took stock of the macroeconomic situation
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