The Bank of Israel on Monday, 29 Tishrei, hosted for the first time the international conference of central banks belonging to the Central Bank Governors’ Club of Central Asia, the Black Sea Region and Balkan Countries, after group members, who meet every half-year in a different country, responded in the affirmative to the invitation from the Governor of the Bank of Israel, Dr. Karnit Flug, to hold the conference in Jerusalem.

Governor of the Bank of Israel Dr. Karnit Flug said, “The Israeli economy is impacted by the global economy, and there is utmost importance to international cooperation and professional conversation. I am happy at the broad response of colleagues from 18 countries to visit Israel, and for the opportunity to present to our guests outstanding examples of the technological innovation for which Israel’s economy is known. We derive great benefit from our close working relationships with central banks worldwide and view the high professional regard of Israel’s economy as an important asset.”

The conference was opened by the Governor of the Bank of Israel and the other central bank governors will present the economic developments in their countries. Bank of Israel Research Department Director Prof. Nathan Sussman will present the developments in Israel’s economy. Supervisor of Banks Dr. Hedva Ber will discuss Israel’s supervision of cyber risks in the banking system, and Prof. Isaac Ben-Israel will address participants on Israel’s cyber industry. There will also be a lecture by Vice President–Advanced Technology of Mobileye, Mr. Erez Dagan.

Participating in the conference are the Governors of the central banks of Russia (prior to the conference, the Governor of Russia’s central bank presented the challenges of economic policy in Russia to Bank of Israel staff), the Czech Republic, Romania, Bulgaria, Armenia, Bosnia and Herzegovina, Croatia, Georgia, Kyrgyzstan, Macedonia, and Albania. In addition, deputy Governors or senior officials from China, Turkey, Greece, Moldova, Poland, Azerbaijan and Belarus will participate.

(YWN – Israel Desk, Jerusalem)