Today, the Qatar Central Bank launched its strategy for the period (2024-2030), to achieve the objectives of the third national development strategy, in line with the Qatar National Vision 2030, and a commitment to implementing the third strategy for the financial sector.
The new strategy also serves as a roadmap in which visions intersect with ambitions, to shape a more developed future for the financial sector in the country, to keep pace with global developments, and to transform challenges into opportunities for growth and prosperity.
Within its strategy for the period (2024-2030), the Qatar Central Bank has set a clear vision aimed at developing the financial sector, so that it is a sustainable and flexible sector that enables the State of Qatar to achieve diversity and innovation, through its mission, which is based on supporting financial stability, transparency, inclusion and excellence in banking practices, while providing Systematic, data-driven policies that support the national economy, while encouraging innovation and adoption of new technologies and enhancing the participation of all stakeholders at the local and international levels.
Within its strategy for the period (2024-2030), the Qatar Central Bank is committed to five core values, where integrity will be the first value and the title that distinguishes the Qatar Central Bank, while the second value is excellence, which will represent the pledge made by the Qatar Central Bank to achieve leadership locally, regionally and globally. The third value is innovation to be the primary motivation and catalyst towards achieving aspirations, while sustainability will be the fourth value and the goal that the Qatar Central Bank aspires to achieve. The fifth value is comprehensiveness, which reflects the duty that the Qatar Central Bank is committed to performing.
The Qatar Central Bank’s strategy (2024-2030) is based on four main pillars. The first pillar relates to flexibility and financial safety by ensuring effective supervision, financial stability, customer protection, and readiness to face all challenges. The second pillar is based on developing the market and diversifying its products and services, which enables… Playing a greater role in financing and supporting economic transformation, while the third pillar is concerned with digital transformation and payments by enhancing digital transformation, data management in the financial market, and developing the infrastructure for payment operations. As for the fourth pillar, it is related to research and international cooperation by enhancing advanced analysis and research and cooperation in financial and economic issues.
The four pillars support five common axes, which are the operating model, digital technology and data infrastructure, human capital, internal and external communication and public relations, environmental and social practices, and governance principles.
The Qatar Central Bank’s strategy for the period (2024-2030) includes more than 25 initiatives, more than 200 projects, and more than 15 results. This strategy embodies an integrated vision that establishes the principles of innovation and sustainable development, by supporting capabilities and keeping pace with future challenges, by enhancing… The financial sector and its strengthening, in addition to continuing to work on developing financial technology, developing the market, and creating new opportunities for innovation, while making good use of the data revolution and digital transformation, and adopting environmental and social practices, principles of governance, and sustainable financing.
Qatar Central Bank affirms that the strategy it launched today embodies its ambitions and belief in the ability to achieve the best, along with its commitment to implementing its goals by focusing on quality and excellence, and supporting our society with the highest levels of performance.
