Addressing the 24th Economic Research Forum’s Annual Conference, Mashaat said instability in the Middle East has a great impact on economic growth rates and widens the gap with advanced economies in Europe, Asia and North America.

Controlling inflation rates is also one of major challenges which exhausts world economies and burdens central banks, she said.

She said financial stability should be the main goal of governments, especially in developing countries.

She added that the central banks' policies should enhance economic credibility, up gross domestic product and make up for economic deficiencies.