TIRANA, March 26/ATA/ – Transparency increases public confidence and makes monetary policy more effective, the Governor of the Bank of Albania BoA, Gent Sejko stated at the 41st meeting of the Governor’s Club of Central Asian countries, The Black Sea and Balkan countries, held in Istanbul, Turkey.
During the meeting, the BoA Governor Sejko, cited a number of concrete examples and shared with the participants, the experience of the Bank of Albania in the monetary policy communication and other policies that help preserve the macroeconomic stability of the country and enhance the well-being of Albanian citizens.
Also, the participants of Central Banks Governors’ Club discussed the latest global and regional economic developments as well as the challenges faced by central banks: price stability and financial stability.
The Central Banks Governors’ Club of Central Asia, Black Sea Region and Balkan Countries was established in 1998 as a platform for informal discussions. Today it comprises 26 members representing the central banks of Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, China, Croatia, Czech Republic, Georgia, Greece, Hungary, Israel, Kazakhstan, Kyrgyz Republic, Macedonia, Moldova, Montenegro, Poland, Romania, Russia, Serbia, Slovenia, Tajikistan, Turkey and Ukraine.
The Club’s main goal is to provide the central banks’ governors with a platform for discussing current issues of monetary policy, banking supervision, financial stability, banking sector development, financial technology and other aspects of central banks activities.//a.i/
