Governors Arab Day for Financial Inclusion - April 27, 2022 Under the overarching theme: “Importance of the Social Responsibility of Financial and Banking Institutions in Increasing Financial Inclusion”

Call on to:

Raising awareness on the concept of social responsibility of financial and banking institutions and the fundamentals of sustainable finance

The issue of enhancing access to finance and financial services in the Arab countries is receiving growing attention from the Council of Arab Central Banks and Monetary Authorities’ Governors, in recognition of the potential and significant opportunities that can be achieved by increasing financial inclusion to support inclusive and sustainable economic development, address unemployment challenges and achieve equality. There is no doubt that the repercussions and challenges for the financial and banking sector during the recovery phase from COVID-19 crisis clearly highlight the pressing need to enhance sustainable finance and the social responsibility of financial and banking institutions to serve sustainable development.

Arab Monetary Fund issues its Annual Report for 2021

The Arab Monetary Fund (AMF) approves five new loans to Arab countries in 2021, with approximately Arab Accounting Dinar (AAD) 148 million, equivalent to about US$623 million, to meet emergency financing needs and support economic and financial reform efforts.

The Arab Monetary Fund (AMF) launched its annual report on its activities in 2021, endorsed by its Council of Governors after briefing about the Fund's efforts to provide financial and technical support to promote economic and financial stability and achieve inclusive and sustainable growth in its member countries.

 

Arab Monetary Fund releases a study on "The challenges of applying accounting standards in the digital age"

This study highlights the growing challenges that have accompanied the occurrence of the digital economy, and focuses on the impact of the digital economy on financial statements

In line with its strategy for the period (2020-2025) and in the context of its research activities to support decision-makers in Arab countries, the Arab Monetary Fund (AMF) has released a study on “The challenges of applying accounting standards in the digital age”.

The study sheds light on the growing challenges that accompanied the occurrence of the digital economy on financial statements, accounting data, and the appropriate disclosure and presentation mechanisms of the digital companies, as they are considered unique challenges. The repercussions of those challenges continue and increase, and most of them are still under discussion.

The Arab Monetary Fund (AMF) announces a Memorandum of Understanding with the African Export-Import Bank to support the expansion of economic and financial ties between the Arab region and Africa

This MoU reinforces Buna’s role as a bridge and a driver for growth of trade and investments between the Arab countries and Africa

Abu Dhabi 21 April 2022: The Arab Monetary Fund (AMF) and the African Export-Import Bank (Afreximbank) announced today the signing of a Memorandum of Understanding (MoU) that sets the foundation for cooperation and interoperability between Buna, the cross-border and multi-currency payment system owned by the AMF, and the Pan-African Payment and Settlement System (PAPSS), owned by Afreximbank.  

Arab Monetary Fund Releases The Sixteenth Edition of the Arab Economic Outlook Report Including Macroeconomic Forecasts for Arab Economies for 2022 and 2023

Arab economies are expected to grow by 5.0 percent in 2022, supported by the increase in oil production and its prices in international markets and the continuation of stimulus packages to support economic recovery

In line with its continuous efforts to support the decision-making process in Arab countries, the Arab Monetary Fund (AMF) has released the Sixteenth Edition of the Arab Economic Outlook Report, including macroeconomic forecasts for Arab economies for 2022 and 2023.

Subscribe to