Re-Appointment of H.E. Dr. Abdulrahman Al Hamidy as Director General Chairman of the Board of the Arab Monetary Fund
The Board of Governors has re-appointed H.E. Dr. Abdulrahman A. Al Hamidy as Director General Chairman of the Board of Executive Directors of the Arab Monetary Fund (AMF), effective March 5th, 2019 for a period of 5 years. In addition, with his appointment, Dr. Al Hamidy will also hold the position of Chief Executive Chairman of the Board of Directors of the Arab Trade Financing Program (ATFP), a subsidiary of the AMF.
The AMF is a Regional Financial Institution, whose main objectives is to promote monetary and economic integration, and to foster economic development in the Arab countries. To that effect, the AMF contributes to the financing of balance of payments deficits, and to the removal of restrictions on current payments, as well as the development of Arab Financial Markets in the member countries. It also contributes to human and institutional capacity building in the member countries and serves as the Secretariat of both the Council of Arab Ministers of Finance and the Council of the Arab Governors of Central Banks and Monetary Authorities. The ATFP aims at promoting Arab trade by providing the necessary financing for Arab trade and enhancing the competitive position of Arab exporters.