'Creating A Resilient Financial Sector Is Essential To Long-Term Growth': QFMA Chairman

(MENAFN- Gulf Times) The Qatar Financial Markets Authority (QFMA) on Thursday said creating a resilient financial sector is essential to long term growth.
Addressing a QFMA conference, its chairman and Qatar Central Bank governor Sheikh Bandar bin Mohamed bin Saoud al-Thani also said the development of Qatar's capital markets is a key aspect of the country's overall financial strategy.
"We are accelerating our transition towards a diversified, knowledge-based economy supported by resilient, sustainable, inclusive and future-ready financial systems," he said.
The central bank collaborates closely with the QFMA to drive forward-looking policies promoting growth, capital formation and innovation, he added.
Sheikh Bandar highlighted that strengthening market infrastructure and broadening investment opportunities aim to attract global capital and support the private sector.
"We seek to ensure stability, foster confidence, and create an environment where investment and innovation thrive," according to him.
The QFMA, he said, play a vital role in enhancing the performance of the country's financial markets, providing an attractive investment environment for both local and foreign capital.
"The QFMA embraces a new era to strengthen both our domestic and cross-border financial ecosystems, ensuring that Qatar remains at the forefront of governance, innovation and sustainable growth," he said.
On the Qatar Stock Exchange's upgrade to emerging market status, he said it was a landmark achievement enhancing liquidity and attracting global investors.

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