The GCC member states are keen on keeping stability of international oil markets to prevent any sharp price fluctuations, said Dr. Mohammad Al-Hashel, Governor of the Central Bank of Kuwait (CBK).
These countries realized that the challenges facing the regional and international economies resulted from regional conflicts. Thus, they took preventive measures to boost and maintain the monetary and financial stability with the objective of absorbing shocks, KUNA reported citing Al-Hashel.
He added that the global economy was impacted by geopolitical conflicts from political disputes in Hong Kong to Ebola in West African countries, the crisis in eastern Ukraine all the way to the political conflict in Yemen.
The political tension in Hong Kong was also weighing on the Asian financial markets, in addition to the consequences of the crisis in eastern Ukraine on the euro-zone, Al-Hashel said.
These countries realized that the challenges facing the regional and international economies resulted from regional conflicts. Thus, they took preventive measures to boost and maintain the monetary and financial stability with the objective of absorbing shocks, KUNA reported citing Al-Hashel.
He added that the global economy was impacted by geopolitical conflicts from political disputes in Hong Kong to Ebola in West African countries, the crisis in eastern Ukraine all the way to the political conflict in Yemen.
The political tension in Hong Kong was also weighing on the Asian financial markets, in addition to the consequences of the crisis in eastern Ukraine on the euro-zone, Al-Hashel said.
Source:
Mubasher
