Manama: Khalid Ibrahim Humaidan, Governor of the Central Bank of Bahrain (CBB), took part in the 85th meeting of the Committee of Central Bank Governors of the GCC and chaired the 64th meeting of the Board of Directors of the Gulf Monetary Council, held in Kuwait.
According to Bahrain News Agency, the meeting addressed various topics concerning the operations of Gulf central banks, emphasizing ways to boost cooperation in banking and financial services. It also involved reviewing recommendations and sanctioning related decisions.
On the sidelines of the meeting, senior officials from the CBB, alongside representatives from Bahrain's financial services sector, engaged in the 2nd Annual Conference to Enhance GCC Joint Banking Action, titled "Central Banks in the Age of Artificial Intelligence."
During the conference, policy makers explored ways to maintain financial stability amidst increasing global fragmentation and the implementation of artificial intelligence in central banks, along with essential governance frameworks.
This meeting is part of the routine assemblies of the Committee of Governors, which aim to enhance cooperation and coordination among Gulf central banks to strengthen financial and monetary stability and support sustainable economic development in the GCC countries.