The Arab Monetary Fund (AMF) today, Tuesday, inaugurated the 30th meeting of the Arab Financial Inclusion Task Force (FITF). The two-day meeting is being held virtually, with broad participation from representatives of central banks and regional and international financial institutions.
The Working Group operates under the Council of Arab Central Banks and Monetary Authorities’ Governors and comprises directors of financial inclusion departments at Arab central banks, in addition to the Arab Monetary Fund, which serves as the technical secretariat of the Group. Representatives from several international and regional institutions are also participating, including the World Bank and the Better Than Cash Alliance.
On this occasion, H.E. Dr. Fahad M. Alturki, Director General Chairman of the Board of the Arab Monetary Fund, emphasized that the meeting represents an important platform for exchanging experiences and expertise, and for strengthening coordination among Arab countries on priority issues related to financial inclusion.
His Excellency highlighted the importance of the topics discussed during the meeting, as they align with current developments and the needs of Arab countries, particularly considering the accelerating digital transformation and global economic challenges. He noted that financial inclusion is a strategic tool for supporting financial stability and fostering inclusive economic growth.
He further underscored the importance of promoting financial health and consumer protection concepts, given their central role in ensuring the effective and responsible use of financial services. He also pointed to the gradual improvement in financial inclusion indicators across Arab countries.
This meeting is part of ongoing efforts to strengthen regional cooperation and to develop policies and initiatives that support financial inclusion and contribute to achieving sustainable economic development in the Arab region.