Governor Mehmeti: Cooperation between central banks made overcoming of challenges easier

The work of the first session of the high level International Conference, organized by the CBK in Prishtina, with the topic “Risks and Opportunities in a Dynamic Financial Sector – Development Perspective” continued.

On this occasion, Central Banks Senior Representatives, Supervisory Authorities and International Financial Institutions (IFIs), in the capacity of panel members and participants shared their experiences during discussions related to the challenges and perspectives of sustainable development of the financial sector across the region and beyond.

The Governor of the Central Bank of the Republic of Kosovo, Fehmi Mehmeti, in his speech said that the financial sector continues to play an important role in post-crisis economic growth.

He stated that central banks should continue to enhance the cooperation to overcome more easily all the challenges they face.

On the other hand, Gabriell Dibella, Head of the International Monetary Fund Mission, spoke about the relation of growth and finance in general, including the regional perspective.

Other panel members: Stephanie Eble, Head of the IMF’s Regional Office for the Western Balkans, Jozef Bradensko , Deputy Governor of the Central Bank of Slovenia, Sandra Švaljek, Deputy Governor of the Croatian National Bank, and Barbara Marchitto, Head of the Country and Financial Sector Analysis Division (CFSA) at the Economics Department of the EIB and Çağrı Sarıkaya, gave their views on the importance of the model of the financial sector growth and development.

Also, other questions raised in this panel were as follows: Should central banks change their functions to strengthen growth-financing relationships? Should a central bank have dual goals to maintain price stability and to encourage economic growth? and, Should central banks have dual goals on how to balance them?

The panel members gave their opinions on how they would see the world in 20 years from now, and what the macroeconomic landscape would look like in the Western Balkans, Europe and the rest of the world.

In the end, panel members answered the questions of the audience.