Delegates from 18 countries, including central bank governors, deputy governors and other central bank officials from the Global South, attended a two-day high-level policy conference that concluded on Friday.
High-Level Policy Conference of Central Banks from the Global South was organised here as part of the commemoration of the Reserve Bank of India's 90th year since its establishment.
In his keynote address, RBI Governor Shaktikanta Das highlighted that maintaining overall stability, which includes sustained growth, price stability, and financial stability, is a daunting challenge for the countries of the Global South amidst global spillovers, external sector imbalances, limited fiscal space, elevated debt levels and continuing financial market volatility.
Central banks need to work towards more robust, realistic and nimble policy frameworks that use monetary, prudential, fiscal and structural policies synergistically to achieve better societal outcomes, he added.
RBI Deputy ..