The Central Bank of Egypt announced that Governor Hassan Abdalla, together with Central Bank of the Republic of Türkiye Governor Fatih Karahan, chaired by video conference a meeting of the Financial Stability Board's Middle East and North Africa Regional Consultative Group. The meeting, attended by Financial Stability Board Secretary General John Schindler, central bank governors from 11 countries, International Monetary Fund officials and other senior representatives, focused on Financial Stability Board and Group of Twenty priorities, international and regional risk assessments, and the implications for financial stability in the Middle East. Abdalla said the discussions took place against heightened pressure on the global financial system and on the Middle East in particular, reflecting geopolitical risks that have contributed to oil price volatility, supply chain disruption, capital flow pressures and wider global economic spillovers. During the meeting, Mohamed Abu Mousa, assistant to the governor, presented the shocks affecting the region, their impact on the Egyptian economy and the Central Bank of Egypt's response, while participating jurisdictions shared their assessments of geopolitical and other risks, their effects on domestic economies and banking systems, and the measures taken to contain them.
Central Bank of Egypt 2026-04-30
Central Bank of Egypt co-chairs Financial Stability Board MENA meeting on geopolitical risks and financial stability
The Central Bank of Egypt said Governor Hassan Abdalla and Central Bank of the Republic of Türkiye Governor Fatih Karahan co-chaired a virtual meeting of the Financial Stability Board’s MENA Regional Consultative Group, with central bank governors from 11 countries, the IMF and other officials. They discussed FSB and G20 priorities, global and regional risk assessments, and how heightened geopolitical risks—such as oil price volatility, supply chain disruption and capital flow pressures—affect financial stability in the Middle East. The Central Bank of Egypt detailed regional shocks, their impact on Egypt and its policy response, while other jurisdictions shared their own risk assessments and containment measures.