VI Conference of the Governors of Mediterranean Central Banks. Central Banks at the Frontline of the COVID-19 Crisis: Weathering the Storm, Spurring the Recovery. A View from the Mediterranean Countries

28 June 2021. From 10:00  To 13:45 | Conference | English | French | Online
slideshow image Photo by on Unsplash

This conference is the sixth edition of a joint initiative that aims at further strengthening links between Central Banks from the Mediterranean region by fostering a comprehensive dialogue on the economic and financial situation of the Mediterranean region, mainly from the perspective of the governors of Mediterranean Central Banks.  

After past editions in Rabat, Barcelona, Tunis and Madrid, the meeting goes virtual and features this year the participation of 10 central banks from the Mediterranean region, in addition to the European Central Bank, represented by their Governors and high-level officials.  

During the first session, participants exchange on the monetary policy responses to the COVID-19 crisis in the Mediterranean region. The impact of the crisis on central banks’ practices across the Mediterranean region is also discussed, as well as the new policy tools deployed to face the consequences of the pandemic at the financial and economic levels. The long-term impacts of central banks’ choices in terms of macroeconomic and financial stability, operational risks, and inflationary tendencies, are debated by the Governors of the Central Banks from Spain, Algeria, Italy, Libya, and Portugal.  

The second session is dedicated to the role of Central Banks in aligning the post-pandemic economic recovery with the principles of sustainable development in the region. How do climate change concerns fit with central bank mandates? How should climate change considerations be taken into account in different central bank functions: prudential supervision, monetary policy or reserve management? How can macro-financial policies promote a green, digital and sustainable recovery in the region? These are among the questions that the Governors and high representatives of the central banks of Tunisia, Egypt, Greece, Morocco, and Malta, address during this forward-looking session.