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 " Public Debt in The Arab World: Asymmetric Effects on Economic Growth".

This study examines the asymmetric effect of public debt on economic growth rates in ten Arab countries. The study relies on the regression of time series and cointegration analysis for selected Arab countries based on the data availability. Specifically, it employs the Non-Linear Autoregressive Distributed Lag Model (NARDL) and a multiple structural breaks model.

Abu Dhabi, 12 May 2022: The Arab Monetary Fund (AMF) holds today, Thursday, May 12, 2022, a workshop to elaborate on Buna (the cross-border payment system owned by the AMF) progress on multiple fronts and share updates on its recent developments and future plans.   

During this workshop, the Buna team will take you through the journey of Buna as a cross-border payment system that includes multiple Arab and international currencies, a growing network of participants, and different initiatives for interoperability with regional and global players in the payment industry.  

Further details on Buna Instant payment services (IPS) will be highlighted during the workshop, covering aspects related to liquidity management and connectivity.

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.

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.