This paper aims to examine some policy options related to the trilemma using data for 17 Arab countries over the period 1970 to 2021. It employs the panel least square method to figure out the impact of policy options on GDP growth as a dependent variable along with other explanatory variables. Interestingly, the paper finds that one of the three policy trilemma options has a propensity to be effective.
The study discusses:
Reducing Emissions through Carbon Certificates Trading Innovation
Carbon Trading: A Key Strategy for Climate Change Goals
Carbon Certificate Trading Boosts Stock Returns While Reducing Volatility Risks
Arab Monetary Fund has released on Monday 27th of March 2023, a study titled "Assessing the association between the global carbon futures index and equity returns and volatility in selected Arab countries". The study aims to investigate the connection between the Global Carbon Futures Index (GCFI), stock returns, and volatility in four Arab stock exchanges: Bahrain, Saudi Arabia, Qatar, and the United Arab Emirates, by analyzing daily data between February 1, 2017, and October 30, 2022, using the generalized autoregressive conditional heterogeneity model (GARCH).
The Arab Monetary Fund released jointly with partners’ organizations, Regional Financing Arrangements (RFAs), a study on “Global efforts to fight the consequences of climate change: the role of Regional Financing Arrangements”. This study provides an overview of steps taken by (RFAs) to incorporate climate considerations into their activities, covering the areas of economic monitoring, lending, capacity building, and internal policies and operations.
It aims to deepen the RFAs’ understanding of how their regional peers are approaching the emerging policy issue of climate change, and to stimulate collective reflections on how best to support members’ efforts to foster a more sustainable and resilient future.
The RFAs who participated in the study are: Arab Monetary Fund (AMF); the Association of Southeast Asian Nations (ASEAN)+3 Macroeconomic Research Office (AMRO), which is the macroeconomic surveillance unit of the ASEAN+3 region; the Eurasian Fund for Stabilization and Development (EFSD); the European Union’s Macro-Financial Assistance (MFA), which is managed by the European Commission; the European Stability Mechanism (ESM); and the Latin American Reserve Fund (FLAR).
Provide clear definitions for ESG terms and activities at the national level
Maintain a coordinated approach in designing sustainable finance plans
Debt managers assess readiness factors for Sovereign Sustainable Instruments
Raise public awareness and capacity development across government entities
The Arab Monetary Fund (AMF) in cooperation with World Bank Group, and The Gulf Capital Market Association has issued today March 16th 2023, a Guidance Note on “Sovereign Sustainable Instruments for the Arab region”. The note is issued under the framework of the Fund's endeavours to promote awareness of the requirements for developing the green and sustainable agenda in the Arab region.
The guidance note aims to promote awareness of ESG investing in the sovereign debt asset class and how it pertains to sovereign issuers in the Arab region. It also provides regional policymakers with an insight into these key developments, to help promote a supportive ecosphere for sustainable finance including the local capital markets and banking sectors.
Only Available in Arabic Language (for details click the link)
Thursday, 18 May 2023 | Abu Dhabi, U.A.E.
14:00- 16:30 Abu Dhabi Time
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.