KUWAIT, Jan 17 (KUNA) -- Central Bank of Kuwait Governor Sheikh Salem Abdulaziz Al-Saud Al-Sabah is set to depart Wednesday to Abu Dhabi to attend a high-level meeting that will bring together senior officials of the European Central Bank, governors of monetary agencies and GCC central banks.

The meeting is hosted by the Central Bank of the United Arab Emirates on January 19.

The Governor will head the first session of the meetings, and will discuss the latest financial and economic developments in the GCC countries and the countries of the Eurozone, the Kuwaiti CBK said in a statement.

The statement added that Sheikh Salem will also participate in the 13th meeting of the Board of GCC Monetary Council, that is scheduled for Thursday.

The meeting will include the board of directors at the GCC Monetary Council, GCC governors of monetary agencies and central banks as well as members of the Monetary Union: Bahrain, Saudi Arabia, Qatar and Kuwait.

The GCC Monetary Council will resume discussing issues such as the completion of the construction of institutional and regulatory framework of the council, including the preparation of its regulations and requirements for setting up the executive organ which will allow it to function in its articles of association.

The 13th session will also discuss the advisory that will be charged with preparing a comprehensive and integrated study of the requirements necessary for the work of the council, the statement added.

The governor will also participate on Friday in the activities of the first meeting of the Financial Stability Board (FSB)'s consultative group for the Middle East and North Africa as deputy chairman.

The meeting is scheduled to discuss the action plan and the FSB of key issues related to financial stability in the region and exchange views and visions on the various disorders that many of the financial systems in different regions of the world are experiencing.