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The Development Bank stresses the need for central banks to take care of banks by increasing liquidi

rocky
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The Development Bank stresses the need for central banks to take care of banks by increasing liquidi Empty The Development Bank stresses the need for central banks to take care of banks by increasing liquidi

Post by rocky on Wed 02 Sep 2020, 9:44 am

[size=35][size=35]The Development Bank stresses the need for central banks to take care of banks by increasing liquidity[/size]
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Economie

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2020-09-02 | 10:36
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Watch 16


The Chairman of the Board of Directors of the International Development Bank / member of the Board of Directors of the Union of Arab Banks, Ziyad Khalaf Abd, stressed the need for central banks to take care of banks by providing more cash liquidity.


Abed said in a speech during the virtual conference organized by the Union of Arab Banks, and Alsumaria News received a copy of it that "Central banks must be sponsored for banks by providing more cash liquidity in order to be able to advance the banking reality and provide better services to customers and encourage the establishment of collective mutual funds." And reduce the administrative and supervisory requirements of banks. "





 
"The International Development Bank is keen on preserving capital and liquidity more than it was in the past," Abdel affirmed, noting that "the bank has proven that it has rigidity and tolerance more than before of market fluctuations and its various repercussions, expected losses and default on the granted credit."
 
He added, "Supporting central banks in providing cash liquidity has contributed greatly to mitigating financing risks, making the banks in a better position than before since the beginning of the crisis," calling on "legislators and central bank departments to pay more attention to banks in order not to fall into more crises." And problems. "

 
In his speech, the Chairman of the Board of Directors of the Development Bank dealt with a set of practical and economic analyzes and the most important repercussions imposed by the Corona pandemic and the economic implications of it throughout the financial markets, which generates a significant decline in economic growth.
 
The conference was held yesterday and today, during which they discussed ways of central banks supporting capital markets in light of the Corona pandemic.
 
Arab and European stock markets, banks, Arab central banks and the International Monetary Fund participated in the conference, with the participation of Arab and European leaders, with the participation of senior officials in central banks, heads of Arab stock exchanges and Arab and international capital markets bodies, a group of decision-makers, senior banking and financial leaders and governors of Arab central banks.
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