The Gulf Cooperation Council’s (GCC) Secretary General, Jassem Mohamed Albudaiwi, has highlighted the crucial and significant role the GCC Central Bank Governors’ Committee has played in advancing economic integration and interconnection among member nations, particularly in the area of monetary and banking affairs. It is envisaged that this coordinated effort will encourage more economic congruence among the GCC governments.
These words were spoken at the GCC Central Bank Governors’ Committee’s 81st meeting, which took place in Salalah, Oman. Members of the GCC Central Bank Governors’ Committee attended the meeting, which was presided over by Sayyid Taimur bin Asa’ad Al Said, Chairman of the Board of Governors of the Central Bank of Oman and Chairman of the current session.Albudaiwi emphasized that earlier meetings, such the 18th consultative meeting held in Jeddah in July, mostly concentrated on the economic aspect. Their conversations centered on the last measures necessary to create the GCC Customs Union and Common Market, which is expected to achieve economic unification by 2025. This cohesion is anticipated to advance the interests of GCC states, improve the welfare of their peoples, and encourage better communication, integration, and connectivity amongst the member nations.
