Abu Dhabi, June 22^nd, 2023:Buna (the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”), will hold its 42^nd workshop, on Thursday June 22^nd. The workshop will demonstrate how Buna contribute to greater financial inclusion by interlinking countries and region. The workshop will also serve to unveil newest Buna products and achievements. 

One of the workshop’s sessions will demonstrate how, by connecting one region to another, Buna can influence opportunities of trade and investments between countries, and benefit individual citizens. In this context, our high level guest speakers, the deputy governor of the State Bank of Pakistan and the Deputy Director of the Financial Services for the Poor from the Bill & Melinda Gates Foundation will elaborate on the recent initiative aiming to interlink Buna with Raast the instant payment system operated by the State Bank of Pakistan. 

Within the efforts made by the Arab Monetary Fund on studies and research activities to support economic institutions in Arab countries on issues of climate change and the relationship between the economy and the environment, the Fund published a study on "The GDP-CO₂ Emissions Nexus in Arab Countries". The study aims to shed light on the relationship between economic activities and carbon dioxide emissions. The study analyses the relationship between countries' economic and environmental performance for the period from 1990 to 2020.