Buna holds its 40th virtual workshop

The workshop aims to promote strong risk and compliance awareness within the payment ecosystem with high-level guest speakers from the U.S. Treasury and the European Central Bank

The workshop will also dive in the approaches of the banks to maximize the value added through their adaption to Buna with leading banks from the UAE

Abu Dhabi, March 9th, 2023: Buna (the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”), will hold, on Thursday March 9th, its monthly virtual workshop number 40 to promote strong risk and compliance awareness within its ecosystem and detail the Buna compliance framework.

Buna is committed to propagating strong compliance awareness and the workshop will highlight the need to ingrain a culture of compliance in the payment ecosystem.  As such, the workshop will also host high-level guest speakers representing the U.S Treasury and the European Central Bank who will share valuable insights and trends and expand on the topic of financial crime in cross-border payments ecosystem. A Buna executive will also detail the compliance framework used in Buna that further strengthens the commitment to achieving key objectives by following the necessary conformity and security standards. 

The Effect of Inflation Rates on Long-Run Economic Growth in Arab Countries

The recent upward inflation trends around the globe have raised concerns about the economic implications of such inflationary waves. In this regard, the study examines the impact of inflation rates on the long-run economic growth in Arab countries. In addition, the study uses the pooled mean group as an estimation method. Data covers 21 Arab countries for the period from 1990 to 2020 is used. The findings present evidence that inflation rates below certain threshold levels positively affect the long-run economic growth.

The Effect of Inflation Rates on Long-Run Economic Growth in Arab Countries

The recent upward inflation trends around the globe have raised concerns about the economic implications of such inflationary waves. In this regard, the study examines the impact of inflation rates on the long-run economic growth in Arab countries. In addition, the study uses the pooled mean group as an estimation method. Data covers 21 Arab countries for the period from 1990 to 2020 is used. The findings present evidence that inflation rates below certain threshold levels positively affect the long-run economic growth.

The Arab Monetary Fund (AMF) extends a new Compensatory Loan to the Kingdom of Morocco, with an amount of Arab Accounting Dinar 41.125 million, the equivalent of approximately USD 166 million, in face of current circumstances

The AMF has completed the launch of “Buna Platform” which aims to support regional financial integration and encourage inter-Arab trade and investments

The AMF extended a new Compensatory Loan to the Kingdom of Morocco, with the amount of Arab Accounting Dinar 41.125 million, the equivalent of approximately USD 166 million. The agreement was signed on Wednesday, January 11, 2023, by HE Nadia Fettah, Minister of Economy and Finance, on behalf of the Kingdom of Morocco, and HE Dr. Abdulrahman A. Al Hamidy, Director General Chairman of the Board of Executive Directors of the AMF, on behalf of the AMF, with the aim to provide financial support to strengthen the country’s financial position and meet emergency needs. The loan was disbursed on Thursday, February 2, 2023

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