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Call to Strengthen International Governance to Address Global Economic Fluctuations

April 18, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Call to Strengthen International Governance to Address Global Economic Fluctuations

The Governor of the Bank of Algeria, Mohamed Lamine Labo, called for strengthening international governance as a fundamental condition for improving global economic performance, emphasizing the need to direct monetary policies towards price stability and enhance regulatory and supervisory frameworks to address emerging risks amid rising uncertainty linked to geopolitical tensions. According to what was reported by 'APS', Labo clarified in a speech delivered yesterday, Friday, during the 53rd meeting of the International Monetary and Financial Committee in Washington, that effective multilateral frameworks are capable of reducing the recurrence of shocks and mitigating their severity through the coordination of economic policies, stressing the importance of enhancing exchange rate flexibility to support the capacity of economies, especially food-importing ones.

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