The Arab Monetary Fund issues a study on “Impacts of Financial Inclusion on Human Capital Development in the Arab Region”

Financial inclusion significantly boosts human capital development in Arab countries, positively impacting education and health outcomes.

Prioritizing financial inclusion is crucial for promoting inclusive economic growth and reducing inequality, especially among marginalized populations.

The Arab Monetary Fund (AMF) has conducted an important study titled "Impacts of Financial Inclusion on Human Capital Development in the Arab Region." The study sheds light on financial inclusion’s significant role in promoting human capital development, a key driver of economic growth, in Arab countries.

Financial inclusion has emerged as a crucial policy objective in numerous countries, particularly the developing world. The AMF's study examines the nexus between financial inclusion and human capital development over 15 years from 2004 to 2019, focusing specifically on Arab countries.

Human capital, which encompasses the economic value of an individual's skills, knowledge, and health, has long been recognized as a catalyst for sustained economic growth and social inclusivity. Investing in people's education, health, and well-being has proven instrumental in driving economic development and creating more inclusive societies.

The Arab Monetary Fund Releases The 18th Edition of the Arab Economic Outlook Report Including Macroeconomic Forecasts for Arab Economies for 2023 and 2024

The growth rate of Arab economies in 2023 is projected to be 3.4 percent.

The recovery of global growth, lower interest rates, and the continued implementation of development plans will likely enhance economic growth in Arab countries in 2024 to approximately 4 percent.

The Inflation rate is projected to decline to 6.8 percent in 2023 and 6.3 percent in 2024 for Arab countries (excluding countries with substantial inflationary pressures).

As part of its efforts to assist policy-makers in Arab countries, the Arab Monetary Fund has released the 18th edition of its "Arab Economic Outlook" report, which contains projections of the overall economic performance of Arab countries on multiple levels for the years 2023 and 2024.

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