CONFERENCES

1994

SUMMARY:

The conference was opened by Rt. Hon. Douglas Hurd MP, who pointed to the immense economic potential in the region and the work needed to establish a framework for inward investment and private sector growth. The governor of the bank of England chaired the discussion on central banking. The Lord Mayor of London and the chairman of the London stock exchange, also attended. Speakers included the chairmen of the Amman, Cairo and Tel Aviv Stick exchanges; the Deputy Governors of the Central Banks in Israel, jordan and Egypt; senior economists from the World bank and the IMF; and a number of Palestinians who are closely involved in the setting up of new economic institutions in the Occupied Territories. As a follow up to the conference the British Government agreed to fund a detailed consultancy on banking supervision in the Occupied Territories and to consider institutional and training assistance to the proposed Palestinians monetary authority.