Mr. Kazi Abdul Muktadir, Deputy Governor, State Bank of Pakistan has outlined four key aspects for D-8 central banks’ cooperation for promoting inclusive economic growth amongst the D-8 countries.
In his opening remarks at a workshop on "Central Banks Monetary and Financial Cooperation for Promoting Inclusive Economic Growth in D-8 countries" at a local hotel in Islamabad, he said that we need to deliberate on sustaining growth in the New Economic Order and enhancing cooperation through trade and capital inflows among the D-8 countries.
He said the D-8 economies have witnessed remarkable growth despite slow recovery in the global economy. ‘As the D-8 economies accelerate to a new phase, it is critical for central banks to work towards deeper economic and financial integration through sound monetary policies and macroeconomic management. However, regional economic and financial integration should be based on greater exchange rate flexibility, freer capital mobility, transparent rules
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