The Effect of Inflation Rates on Long-Run Economic Growth in Arab Countries

The recent upward inflation trends around the globe have raised concerns about the economic implications of such inflationary waves. In this regard, the study examines the impact of inflation rates on the long-run economic growth in Arab countries. In addition, the study uses the pooled mean group as an estimation method. Data covers 21 Arab countries for the period from 1990 to 2020 is used. The findings present evidence that inflation rates below certain threshold levels positively affect the long-run economic growth.

The Arab Monetary Fund (AMF) extends a new Compensatory Loan to the Kingdom of Morocco, with an amount of Arab Accounting Dinar 41.125 million, the equivalent of approximately USD 166 million, in face of current circumstances

The AMF has completed the launch of “Buna Platform” which aims to support regional financial integration and encourage inter-Arab trade and investments

The AMF extended a new Compensatory Loan to the Kingdom of Morocco, with the amount of Arab Accounting Dinar 41.125 million, the equivalent of approximately USD 166 million. The agreement was signed on Wednesday, January 11, 2023, by HE Nadia Fettah, Minister of Economy and Finance, on behalf of the Kingdom of Morocco, and HE Dr. Abdulrahman A. Al Hamidy, Director General Chairman of the Board of Executive Directors of the AMF, on behalf of the AMF, with the aim to provide financial support to strengthen the country’s financial position and meet emergency needs. The loan was disbursed on Thursday, February 2, 2023

Buna holds its 39th virtual workshop

The workshop will showcase Buna’s contribution to regional economic integration and detail the mechanisms put in place by the central banks to ensure the safety and resiliency of the service

Abu Dhabi, January 19th, 2023: Buna (the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”), holds today, Thursday January 19th, its monthly virtual workshop number 39 to showcase Buna’s contribution to regional economic integration and detail the mechanisms put in place by the central banks to ensure the safety and resiliency of the service.

Senior Internal Auditor

The Arab Monetary Fund (AMF) is an Arab regional organization based in Abu Dhabi, United Arab Emirates. Its main objective is laying monetary foundations of Arab economic integration and accelerating the process of economic development in all Arab Countries. AMF is seeking to recruit a “Senior Internal Auditor” in the Internal Audit office.

Main Responsibilities:

 

Arab Monetary Fund releases a study on: Is Climate FinTech Effective in Mitigating Climate Change Risk?

The study aims to investigate the cause-and-effect relationship between the FinTech index and carbon dioxide emissions index globally.

In line with its continuous efforts to support the decision-making process in the Arab countries, the Arab Monetary Fund (AMF) has released a study titled “Is Climate FinTech Effective in Mitigating Climate Change Risk?”.

Global climate change and global warming are typically attributed to human activity, especially after the industrial revolution. There is a growing consensus among climate scientists that Climate FinTech provides great potential to protect the environment and mitigate climate change risks. In this paper, we investigate the cause-and-effect relationship between the FinTech index and carbon dioxide emissions index globally. In doing so, Granger causality test and Wavelet coherence analysis are employed to evaluate this association using daily frequency data over a period of 30 June 2015 to 31 December 2021.

Is Climate FinTech Effective in Mitigating Climate Change Risk? An Analysis of Linear and Non-Linear Causality Tests

The study aims to investigate the cause-and-effect relationship between the FinTech index and carbon dioxide emissions index globally.

The study findings indicate that there is not a cause-and-effect relationship between the global FinTech index and the carbon dioxide emissions index, which indicates that climate FinTech tools and applications are environmentally friendly.

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