Buna holds its 39th virtual workshop

The workshop will showcase Buna’s contribution to regional economic integration and detail the mechanisms put in place by the central banks to ensure the safety and resiliency of the service

Abu Dhabi, January 19th, 2023: Buna (the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”), holds today, Thursday January 19th, its monthly virtual workshop number 39 to showcase Buna’s contribution to regional economic integration and detail the mechanisms put in place by the central banks to ensure the safety and resiliency of the service.

Senior Internal Auditor

The Arab Monetary Fund (AMF) is an Arab regional organization based in Abu Dhabi, United Arab Emirates. Its main objective is laying monetary foundations of Arab economic integration and accelerating the process of economic development in all Arab Countries. AMF is seeking to recruit a “Senior Internal Auditor” in the Internal Audit office.

Main Responsibilities:

 

Arab Monetary Fund releases a study on: Is Climate FinTech Effective in Mitigating Climate Change Risk?

The study aims to investigate the cause-and-effect relationship between the FinTech index and carbon dioxide emissions index globally.

In line with its continuous efforts to support the decision-making process in the Arab countries, the Arab Monetary Fund (AMF) has released a study titled “Is Climate FinTech Effective in Mitigating Climate Change Risk?”.

Global climate change and global warming are typically attributed to human activity, especially after the industrial revolution. There is a growing consensus among climate scientists that Climate FinTech provides great potential to protect the environment and mitigate climate change risks. In this paper, we investigate the cause-and-effect relationship between the FinTech index and carbon dioxide emissions index globally. In doing so, Granger causality test and Wavelet coherence analysis are employed to evaluate this association using daily frequency data over a period of 30 June 2015 to 31 December 2021.

Is Climate FinTech Effective in Mitigating Climate Change Risk? An Analysis of Linear and Non-Linear Causality Tests

The study aims to investigate the cause-and-effect relationship between the FinTech index and carbon dioxide emissions index globally.

The study findings indicate that there is not a cause-and-effect relationship between the global FinTech index and the carbon dioxide emissions index, which indicates that climate FinTech tools and applications are environmentally friendly.

The Arab Monetary Fund and the Arab Gulf Programme for Development sign a memorandum of understanding to coordinate efforts to promote financial inclusion

The Arab Monetary Fund and the Arab Gulf Programme for Development sign a memorandum of understanding to coordinate efforts to promote economic development and achieve sustainable development goals in the Arab region via expanding financial inclusion

Emphasis on supporting the successful implementation of the comprehensive economic reform program signed between the Arab Monetary Fund and the Government of Yemen

The Arab Monetary Fund (AMF) and The Arab Gulf Programme for Development (AGFUND) signed a memorandum of understanding on Wednesday, December 28, to promote economic development and achieve sustainable development goals in the Arab region through boosting financial inclusion and enhancing the role of the financial inclusion. The MOU will focus on supporting micro, small and medium-sized agricultural projects, and digital financial transformation, which contributes to accelerating the economic growth and creating job opportunities in the region, in addition to supporting legislations and supervisions of the financial systems including microfinance. 

Subscribe to