Muscat: As part of the Central Bank of Sudan's (CBOS) efforts to restore its international and regional relations and reintegrate the Sudanese banking sector into the global financial system, CBOS Governor Amina Mirghani took part in the 17th Islamic Financial Services Board (IFSB) Summit, hosted by the Sultanate of Oman from February 2 to 4.
According to Sudan News Agency, the summit is held under the patronage of the Central Bank of Oman, with the participation of a number of central bank governors and representatives of financial institutions from member states. Sudan, being one of the founding members of the IFSB and a pioneer in Islamic banking, was represented by Governor Mirghani, who serves as a member of the Board of Governors.
The summit discusses a range of key issues related to the development of the banking and financial sector, with a particular focus on Islamic finance. Topics include digital transformation in financial services and liquidity management in the Islamic banking system, with the aim of enhancing financial stability and improving the efficiency of banking systems in member countries.
On the sidelines of the summit, the CBOS Governor held meetings with several central bank governors from sisterly countries, focusing on strengthening banking relations and correspondent banking ties between Sudanese banks and banks in those countries, in support of trade relations and the settlement of payments. She also met with the Governor of the Central Bank of Oman, the Governor of Bank Negara Malaysia, and a number of chief executive officers of banks in the Sultanate of Oman.