Arab Monetary Fund


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Arab Monetary Fund

An international organization that promotes trade and development of financial markets for and between Arab states. It also aims to correct deficits in members' balance of payments. All its activities were originally intended to pave way for a united, Arab currency, but this goal has largely faded. It was established in 1977 and is based in Abu Dhabi, United Arab Emirates.
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This came when he received in his office at the Council of Ministers Thursday the visiting Chairman of the Arab Monetary Fund, Dr.
The Arab Monetary Fund is an inter-governmental regional Arab financial organization, aiming to help correct any disequilibria in the balance of payments of member countries, promoting stability of exchange rates among Arab currencies and the development of Arab financial markets as well as coordinating the positions of member states in dealing with international monetary and economic problems and settling any current payment issues between the member states in order to promote trade among them.
Arab Monetary Fund chairman Jassem Al Mannai had advised Gulf countries to switch to a managed float or peg their currencies to a basket, including the euro, sterling and yen, Emarat Al-Youm newspaper reported.
Abdulrahman Al Hamidy, Arab Monetary Fund (AMF) Director General and Chairman of the Board, and Mouayed Makhlouf, International Finance Corporation Regional Director for the Middle East and North Africa.
Summary: ABU DHABI - The Arab Monetary Fund is unlikely to offer any funding assistance to the eurozone because providing loans to unrest-hit countries across the Arab world has priority, Director General Jassim Al Mannai said on Sunday.
The meeting is also attended by the Director General and Chairman of the Board of Directors of the Arab Monetary Fund (AMF), Dr Jassim Al Mannai, a number of finance ministers of the Arab countries and senior officials from regional and international institutions.
The Arab Monetary Fund pledged a loan of $200 million to restructure the economy of Yemen, one of the region's poorest countries, the fund announced on Sunday.
The Abu Dhabi-based Arab Monetary Fund (AMF) and Jordan on Sunday singed a $76 million loan agreement to support the program of structural reform in Jordan's banking and financial sector.
The Central Bank of Jordan, the Arab Monetary Fund and Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) are partnering to enable peer learning in the space of "Financial Inclusion and Employment in the Arab Region.
Muscat, Aug 29 (ONA) The Arab Monetary Fund (AMF), in cooperation with the Central Bank of Oman (CBO) will organize tomorrow Sunday a joint training course on Macroeconomic Management and Financial Sector Issues.
AMMAN, July 9 (KUNA) -- Jordan and the Arab Monetary Fund (AMF) have signed a loan agreement worth about USD 58 million to fund a program on monetary reforms in the country.
The delegations endorsed the financial consolidated accounts of the Arab Monetary Fund, the Arab Economic and Social Development Fund, The Arab Investment and Export Credit Guarantee Corporation (DHAMAN), the Arab Bank for Economic Development in Africa (BADEA) and the Arab Authority for Agricultural Investment and Development (AAAID).

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