The Arab Monetary Fund publishes “Central Bank Background Papers on Monetary Policy Frameworks in the Arab Countries”. Papers in this volume were prepared for the AMF-BIS Fourth Working Party Meeting on Monetary Policy in the Arab Region organized by the Arab Monetary Fund (AMF) and Bank for International Settlements (BIS) in a virtual format on 31 May, 1, 2 June 2021.
The purpose of this event was to review recent global and regional economic and financial developments and to exchange views on their implications for the banking sector and monetary policies management in the Arab region. Also, the meeting addressed some technical issues related to the role of monetary policy in mitigating the impacts of Covid-19 and supporting economic recovery in coordination with fiscal and macroprudential policies, and it included a special session on Central Banks Digital Currencies implications for monetary policy.
The meeting was attended by high-level officials responsible for monetary policy from 15 Arab Central Banks and Monetary authorities, and 12 International Central Banks including the Federal Reserve Board (FED), the European Central Bank (ECB), Deutsche Bundesbank as well as participants from the Arab financial sector. This event was organized on similar lines to the BIS’s Working Party meetings on monetary policy in Asia, Latin America, and Central Europe.
Papers on the operational frameworks and the implementation of monetary policy in thirteen Arab countries were presented and discussed during the meeting.
It can be accessed through the following link