«Central Bank of Egypt» Hosts the 9th Annual «Mediterranean Central Banks Conference» in Cairo

فينتك جيت: مصطفى عيد

The «Central Bank of Egypt» CBE hosted the 9th Annual Mediterranean Central Banks Conference in Cairo

under the theme “Harnessing Innovation and Integration for Sustainable and Inclusive Development in the Mediterranean Region.” The event gathered central bank governors, policymakers, economists, academics, and representatives of international financial institutions.

Organized with International Partners

The Conference was organized in collaboration with the «Banco de España» BdE, the «Organisation for Economic Co-operation and Development» OECD, the «European Institute of the Mediterranean» IEMed, and the «Union for the Mediterranean» UfM.
It served as a vital platform for dialogue and cooperation among Euro-Mediterranean central banks to address pressing global and regional financial issues.

Opening Remarks by «Hassan Abdalla»

In his speech, «Hassan Abdalla» Governor of the CBE welcomed participants, highlighting that hosting this event demonstrates Egypt’s firm commitment to collaboration and knowledge exchange. He stressed that the Mediterranean must now evolve into a hub for innovation and resilience. By working together, he noted, challenges can be turned into opportunities for building a stable, inclusive, and sustainable financial system.

Address by «José Luis Escrivá»

«José Luis Escrivá» Governor of Banco de España urged stronger cooperation among central banks, emphasizing the importance of resilient financial systems. He added that multilateralism must not only be preserved but also strengthened to keep pace with rapid global change.

Insights from «Luiz de Mello» at the OECD

«Luiz de Mello» OECD stressed the growing role of central banks in driving innovation, financing green transitions, and supporting inclusive growth. He described the OECD as a trusted platform for policy dialogue and reaffirmed its commitment to advancing reforms across the Mediterranean.

«Senén Florensa» Highlights Regional Challenges

«Senén Florensa» Executive President of IEMed explained that the Mediterranean faces multiple challenges, including trade conflicts, debt crises, climate risks, and the need for sustainable growth. He emphasized that strong central banks are crucial anchors of stability in such turbulent times.

Remarks by «Meltem Büyükkarakaş» from the UfM

«Meltem Büyükkarakaş» UfM pointed out that the region faces geopolitical tensions, social inequalities, and a digital divide. She underlined the importance of green and digital transitions to unlock the region’s potential, pledging the UfM’s commitment to turning this vision into concrete actions.

Main Sessions of the Conference

Artificial Intelligence and Central Banks

Moderated by the Governor of «Banco de España», this session explored how AI is reshaping the financial sector while stressing the importance of managing associated risks.

Financing for Sustainable Development

Moderated by the Governor of the «Central Bank of Egypt», this session discussed how central banks can support the green transition and channel finance to achieve sustainable development goals.

Financial Inclusion for All

This session focused on innovative initiatives designed to expand access to financial services and empower communities through equitable solutions.

Financial Integration

The final session examined the OECD’s report on enhancing regional integration, strengthening digital infrastructure, and aligning fiscal and monetary policies.

Closing and Future Outlook

In his closing remarks, «Hassan Abdalla» expressed gratitude to all participants, praising the constructive dialogue and valuable ideas exchanged. He emphasized that the outcomes of this Conference mark a significant step toward financial stability and inclusive growth.

It was announced that the «Banco de España» will host the next edition. A preparatory technical meeting among central banks will take place four months prior to ensure stronger alignment and effective coordination.

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