This study investigates the impact of financial inclusion, proxied by the number of bank branches, on human capital development for 12 Arab economies over the 2004-2019 period based on the pooled mean group (PMG) approach in the framework of dynamic panel data models.
The disbursement of the loan has been processed through “Buna” Payment platform, which facilitates cross-border payments in multiple currencies.
Abu Dhabi, 26 May 2023: The Arab Monetary Fund (AMF) extended a new ordinary loan to the Hashemite Kingdom of Jordan, with an amount of Arab Accounting Dinar 12.79 million, the equivalent of approximately USD 51 million to support the economic reforms implemented by the kingdom. The disbursement of the loan was processed through “Buna”, the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF.” It cements its position as a reliable partner for central banks and financial institutions.
The Arab Monetary Fund (AMF) extends a new Ordinary Loan to the Hashemite Kingdom of Jordan, with an amount of Arab Accounting Dinar 12.79 million, the equivalent of approximately USD 51 million, to support the economic reforms implemented by the Kingdom
The AMF has completed the linking of Central Bank of Jordan to “Buna Platform”, which the AMF launched to support regional financial integration and encourage inter-Arab trade and investments
The Arab Monetary Fund (AMF) extended a new Ordinary Loan to the Hashemite Kingdom of Jordan, with the amount of Arab Accounting Dinar 12.79 million, the equivalent of approximately USD 51 million. The loan agreement was signed on Monday, May 15, 2023, by H.E. Dr. Mohammad Al-Ississ, Minister of Finance, on behalf of Hashemite Kingdom of Jordan, and H.E. 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 avail financial resources to support the country’s financial position and its efforts to implement economic and financial reforms.
28-29 August 2023
From 15:00 to 17:30
(Abu Dhabi Time)
Thursday 5th of October
From 15:00 to 17:30 Abu Dhabi Time
8-9 November 2023 - Abu Dhabi - U.A.E.
For room booking at Intercontinental Hotel, click here.
Rates: Single room rate AED 400, Double room rate AED 450, per night including Breakfast and taxes.
The new service provides financial institutions participating in Buna with an open marketplace to make FX deals directly between each other and enables safe and secure settlement of the resulting transactions in Buna.
Abu Dhabi, May 10th, 2023:Buna (the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”), announces the launch of its service supporting a more accessible and more secure foreign exchange (FX) market.
The new service offers an open and modern marketplace for FX, where participants in the Buna system can benefit from a modern set of APIs to exchange information and agree on the terms of their FX deals directly between each other, without the involvement of Buna or any other intermediary in these deals.
The processing of the resulting transactions is then done immediately in a safe and secure way by using the Payment versus Payment (PvP) mechanism, which ensures that settlement in one currency occurs if and only if the settlement of the other currency occurs simultaneously.