TIRANA, Nov 21 /ATA/ Bank of Albania Governor, Gent Sejko, attended the 42nd meeting of the Central Banks Governors Club of Central Asian countries, the Black Sea region and the Balkans.
Governor Sejko made an overview of Albanian economic and financial situation, the monetary policy stance on maintaining price stability and the challenges facing this policy in the upcoming period.
In addition to price stability, he outlined other objectives at the forefront of the Bank of Albania work on such as stabilizing the exchange rate, promoting healthy lending, reducing non-performing loans, developing the payment system and the ways forward in meeting these objectives.
The Governors ‘Club serves as a platform for discussion on developments of member countries, where central banks share experiences, strengthen future cooperation links and present the latest developments.
The Club’s work was based on the various challenges central banks face in fulfilling their objective of maintaining financial stability, price stability and identifying various mechanisms of monetary policy based on the latest economic developments.
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