The Arab Monetary Fund, a regional financial organization, joins the United Nations-Better Than Cash Alliance to accelerate financial inclusion in the region
The Arab Monetary Fund (AMF) will increase the use of responsible digital payments in its programs and operations to boost financial inclusion, transparency and efficiency. The AMF will continue to prioritize youth, women and small businesses in its efforts on payment digitization, helping advance the Sustainable Development Goals.
H.E. Dr. Abdulrahman A. Al Hamidy, Director General Chairman of the Board of the Arab Monetary Fund, said: “Making responsible payment digitization a reality across our member countries will help bring many more citizens, particularly youth, women and small businesses, in the financial system, in a way that serves their needs. By doing that, Arab nations will foster sustainable growth, create employment opportunities, reduce inequality and maintain financial stability”.
The AMF will join over 80 governments, global brands and international organizations, members of Better Than Cash Alliance, that committed to responsible digital payments, to help make progress on the Sustainable Development Goals. By joining the Alliance, the AMF will demonstrate its leadership in responsible payment digitization, sharing its remarkable achievements, while benefiting from synergies amongst other members to further drive responsible payment digitization, globally and in the Arab world, in particular.
Dr. Ruth Goodwin-Groen, Managing Director of the Better Than Cash Alliance, said: “We’re delighted to welcome our newest member, the Arab Monetary Fund, to our growing global movement shifting from cash to responsible digital payments to improve people’s lives. We applaud the AMF for their strong vision to build economies, across its members’ countries, that are truly inclusive by promoting responsible payment digitization”.