The Governor of the Monetary Authority Participates in the Annual Meetings of the Council of Governors of Central Banks in Tunisia

SadaNews - The esteemed Governor of the Palestinian Monetary Authority / Governor of the State of Palestine at the Arab Monetary Fund, Mr. Yahya Shanar, participated in the 49th annual meeting of the Council of Governors of Arab Central Banks and Monetary Authorities, which was held in the Republic of Tunisia. The meeting was attended by the governors of Arab central banks, representatives from the Arab Monetary Fund, the World Bank, the International Monetary Fund, and a number of economic and regional experts.

During the meeting, the Governor affirmed that this gathering represents a pivotal platform for exchanging experiences and enhancing joint Arab cooperation in addressing current financial and economic challenges, noting that the annual meeting provides an opportunity to improve monetary and financial policies as part of efforts to maintain financial stability, support the national economy, and enhance confidence in both the Palestinian and Arab banking systems.

He added, "Joint cooperation among Arab central banks is not a choice but a strategic necessity to increase the effectiveness of financial systems in facing economic shocks and global fluctuations, thus enhancing the resilience of the financial sector in the region, which positively reflects on our national economies and the confidence of our citizens."

In this context, the Governor clarified that the Palestinian experience in facing economic and monetary challenges comes amid exceptional conditions of severe financial crises and the direct implications of the difficult political and humanitarian situations faced by the Palestinian people, making the enhancement of Arab and international cooperation a doubled necessity to support efforts to maintain the stability of the Palestinian financial system and protect it from external risks.

The Governor also participated in a high-level session titled "Rethinking Monetary and Financial Policies in the Face of Increasing Uncertainty", where challenges facing monetary and financial policies were discussed in light of global transformations and regional tensions. He emphasized that the integration of monetary policies with financial and regulatory strategies is a fundamental pillar to enhance the capacity of central banks to deal with economic and financial shocks.

Shanar stressed the importance of enhancing cooperation in exchanging experiences and applying best practices to support financial and economic stability in the region.

The Governor also delivered a keynote address in a session dedicated to the topic of "Frameworks to Enhance the Resilience of Cybersecurity in the Financial Sector", during which he emphasized that cybersecurity has become a strategic issue directly affecting financial stability, public confidence, and economic sustainability. He reviewed the experience of the Palestinian Monetary Authority in building a comprehensive cybersecurity system, which included establishing regulatory, supervisory, and operational frameworks, working on their application, and ensuring the establishment of information security operation centers at the operational units of the banks, as well as participating in the establishment of the Palestinian team for responding to information security emergencies, in addition to contributing to the preparation of a draft law to create a national cybersecurity authority.

Shanar clarified that addressing cybersecurity challenges requires unified and long-term Arab strategies that combine innovation with flexible legislation, and enhances a culture of regional cooperation and digital trust.