It took the lead in the "absence of a credit gap" and the freedom to own bank accounts in foreign currencies
The UAE is among the top 10 in 11 competitive indicators for banking and monetary policy
The UAE ranked seventh in the "Central Bank Policy Index."
The UAE has strengthened its leadership position in the lists of global competitiveness indicators for the banking sector and monetary policy, after it succeeded in securing a place for it in the list of the top 10 internationally in 11 sector indicators during the year 2020, which reflects the flexibility and attractiveness of the policies it follows in this sector. It is considered an essential pillar in supporting the comprehensive economic growth of the country.
The monitoring documented by the records of the Federal Center for Competitiveness and Statistics shows that the international references that ranked the UAE among the big players in the banking and monetary policy sector included: the Global Digital Competitiveness Report issued by the International Development Institute, in addition to the Global Competitiveness Report 4.0 issued by the Economic Forum. Global.
The list of international references also included: the “Prosperity Index Report” issued by the “Legatum Institute”, and the “Yearbook of Global Competitiveness” issued by the International Institute for Administrative Development.
Four international reference institutions specializing in competitiveness, the UAE, were awarded the first place in four sub-indicators related to the banking sector and monetary policy during the year 2020, namely: the absence of credit gap index, in addition to the depth of credit information, freedom to own bank accounts in foreign currencies, as well as the center The first in the index of restrictions on financial transactions.
According to the "Global Competitiveness Yearbook" issued by the International Institute for Administrative Development, the UAE was ranked fifth in the "credit index", while it ranked sixth in the world in the "Banking and Financial Services Index", according to the "Competitiveness Report." Digital », as well as the Global Competitiveness Yearbook.
The UAE ranked seventh in the “confidence in financial institutions index”, according to the Prosperity Index report issued by the Legatum Institute. It also ranked the same in the Central Bank Policy Index, the Exchange Rate Stability Index, as well as the Payment Index. The benefit, ”according to the Global Competitiveness Yearbook.
It is noteworthy that the comparative reading of what the UAE has achieved in the competitiveness indicators in many sectors during the past period has become an unprecedented record of record achievements, whether at the international or regional level, with the support of the distinguished economic and financial policies that were provided by the federal government in A country founded on challenge and leadership in comprehensive sustainable development.
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