The Arab Monetary Fund publishes a Guidance Note on “Sovereign Sustainable Instruments” for the Arab region

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.

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.