The Arab Monetary Fund (AMF) holds a virtual workshop to share recent updates on Buna’s status and future plans and explore important aspects related to Buna instant payment services

More than 200 senior officials will attend the workshop, representing central banks and a wide spectrum of regional and global financial institutions

 

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.

IT Security Engineer

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 “IT Security Engineer” in the Support services Department.

Duties & Responsibilities:

Governors Arab Day for Financial Inclusion - April 27, 2022 Under the overarching theme: “Importance of the Social Responsibility of Financial and Banking Institutions in Increasing Financial Inclusion”

Call on to:

Raising awareness on the concept of social responsibility of financial and banking institutions and the fundamentals of sustainable finance

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.

Arab Monetary Fund issues its Annual Report for 2021

The Arab Monetary Fund (AMF) approves five new loans to Arab countries in 2021, with approximately Arab Accounting Dinar (AAD) 148 million, equivalent to about US$623 million, to meet emergency financing needs and support economic and financial reform efforts.

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.

 

Arab Monetary Fund releases a study on "The challenges of applying accounting standards in the digital age"

This study highlights the growing challenges that have accompanied the occurrence of the digital economy, and focuses on the impact of the digital economy on financial statements

In line with its strategy for the period (2020-2025) and in the context of its research activities to support decision-makers in Arab countries, the Arab Monetary Fund (AMF) has released a study on “The challenges of applying accounting standards in the digital age”.

The study sheds light on the growing challenges that accompanied the occurrence of the digital economy on financial statements, accounting data, and the appropriate disclosure and presentation mechanisms of the digital companies, as they are considered unique challenges. The repercussions of those challenges continue and increase, and most of them are still under discussion.

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