The Arab Monetary Fund (AMF), and the Bank for International Settlements (BIS) organize the "Fourth Working Party Meeting on Monetary Policy in the Arab Region," which is being held in virtual format on 31 May, 1 and 2 June 2021. The purpose of this event is 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 will address technical issues related to the role of monetary policy on mitigating the impacts of Covid-19 and supporting economic recovery in coordination with fiscal and macroprudential policies, and it will include a special session on Central Banks Digital Currencies implications for monetary policy.
The meeting will be attended by high-level officials responsible for monetary policy from Arab Central Banks and Monetary authorities, in addition to participants from a number of 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 will be organized on similar lines to the BIS’s Working Party meetings on monetary policy in Asia, Latin America, and Central Europe.
The Arab Monetary Fund (AMF) is a regional Arab financial institution, founded in 1976, and has started operations in 1977. The AMF’s mission is to lay the monetary foundation of Arab economic integration and to accelerate the process of economic development of its member countries, through providing training and capacity building on topics of interest, as well as financial and technical assistance to member countries to correct balance of payments disequilibria and implement structural reforms towards the modernization of their financial systems, and offering training and technical assistance to banking and monetary institutions in Arab countries with the objective of developing and strengthening their financial markets.
The Bank for International Settlements (BIS) which was established in 1930, is the world's oldest international financial organization. The BIS has 60-member central banks, representing countries from around the world that together constitute about 95 percent of world GDP. The mission of the BIS is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as the bank for central banks.