DOHA, QATAR – His Excellency Sheikh Abdulla Bin Saoud Al-Thani, governor of Qatar Central Bank (QCB), remains optimistic about Qatar’s economy, citing moderate growth and a strong banking sector in spite of lower oil prices. He delivered his remarks at Carnegie Mellon University in Qatar, addressing members of the community, stakeholders, faculty and students.

The governor discussed Qatar Central Bank’s role in strengthening the Qatar economy, including the GCC single currency issue, and stressed that a core objective should be the coordination and management of fiscal and monetary policies to ensure that the European Union’s challenges with the Euro are not replicated in the region. “We believe that this is the right time for us to learn from the challenges faced by the Euro. Harmonization and coordination within monetary policies, fiscal policies and the common market are key factors,” he said.

In addition, His Excellency eased concerns about revenue and expenditures caused by decreasing oil prices by pointing out that the local economic growth reflects the diversification strategy of Qatar National Vision 2030.

The presentation was part of CMU-Q Dean’s Lecture Series, a forum that hosts prominent industry leaders and government officials to share their expertise on topical issues.

For more information on upcoming lectures, please visit: qatarcmudev.wpengine.com/dl