News And Press Releases

2021

25-10-2021

The Arab Monetary Fund publishes “Central Bank Background Papers on Monetary Policy Frameworks in the Arab Countries”

The Arab Monetary Fund publishes “Central Bank Background Papers on Monetary Policy Frameworks in the Arab Countries”. Papers in this volume were prepared for the AMF-BIS Fourth Working Party Meeting on Monetary Policy in the Arab Region organized by the Arab Monetary Fund (AMF) and Bank for... Read More

20-10-2021

JOINT STATEMENT BY THE FINANCE MINISTERS OF SAUDI ARABIA, KUWAIT AND THE UAE REGARDING BAHRAIN’S FISCAL BALANCE PROGRAM

The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait, and the Kingdom of Bahrain met on October 19, 2021 to discuss the latest developments regarding Bahrain’s Fiscal Balance Program in light of the COVID-19 pandemic. The Arab Monetary Fund attended... Read More

15-10-2021

The Arab Monetary Fund (AMF) holds a virtual workshop on Buna’s interoperability initiatives and way forward

The workshop is hosting speakers from the Bank of Italy, Visa and the Pan African Payment and Settlement System More than 200 senior officials will attend the workshop, representing central banks and a wide spectrum of regional and global financial institutions   Abu Dhabi, 14 October 2021: The... Read More

10-10-2021

The Arab Monetary Fund issues a study on "Sensitivity of Capital Adequacy Ratio to Bank-Specific and Economic Factors in the Arab Banking Sector"

Efficient risk management in the Arab banking sector contributes to enhancing capital adequacy levels The application of Basel III requirements and International Financial Reporting Standard No. (9) (IRFS 9) have a clear role in enhancing capital adequacy in the Arab banking sector The size of... Read More

07-10-2021

Arab Monetary Fund extends a new Compensatory Loan to the Hashemite Kingdom of Jordan

With an amount of Arab Accounting Dinar 14.77 million, the equivalent of approximately USD 63 million, in face of current circumstances The Arab Monetary Fund (AMF) is keen to support the efforts of its member countries to implement economic, financial and structural reforms, in face of various... Read More

30-09-2021

Arab Monetary Fund disburses to the Kingdom of Morocco the second tranche of the loan

within the framework of the Structural Adjustment Facility in the Public Finance Sector, with an amount of Arab Accounting Dinar 20.562 million, the equivalent of approximately USD 87.5 million, to support reform efforts in face of various challenges   The Arab Monetary Fund (AMF) is keen to... Read More

29-09-2021

Banca d’Italia and ARPCSO announce BUNA-TIPS experiment delivering successful cross-border, cross-currency, cross-system instant payments

Banca d’Italia and the Arab Regional Payments Clearing and Settlement Organization (ARPCSO) announced today the successful completion of a joint experiment aimed at linking for the first time the instant payment settlement platforms with multi-currency features (TIPS and BUNA) operated by the two... Read More

22-09-2021

The Arab Monetary Fund issues the second edition of Fintech glossary

More than 1100 terms covering various aspects of the Fintech industry The glossary aims to pinpoint and define the Fintech terms considering the tremendous and accelerated growth of the Fintech activities Terms are shown in three languages "English, Arabic, and French" The terms are classified... Read More

03-09-2021

The Arab Monetary Fund (AMF) holds a virtual workshop on Buna’s role as a bridge with Asian markets and the prospects of cross-border instant payment

The workshop is hosting speakers from the World Bank, Bank for International Settlements (BIS), Cross-border Interbank Payment System (CIPS), National Payments Corporation of India (NPCI) and State Bank of Pakistan More than 200 senior officials will attend the workshop, representing central banks... Read More

27-08-2021

The Arab Monetary Fund (AMF) announces a Memorandum of Understanding with Visa to support the growth and efficiency of cross-border payments between the Arab region and global markets

Setting the foundation for interoperability between Buna and Visa and enabling innovative payment options for financial institutions Abu Dhabi 26 August 2021: The Arab Monetary Fund (AMF) and Visa, announced today the signing of a Memorandum of Understanding (MoU). Under the terms of this MoU, Visa... Read More

18-08-2021

The Arab Monetary Fund publishes the “Strategies for Adopting DLT/ Blockchain Technologies in Arab Countries"

Great opportunities for enhancing financial services by fostering the use of DLT/ Blockchain Technologies in Arab Countries   Guidelines and roadmap on how to embrace these technologies in the financial sector, how to employ it properly and the related requirements   The Arab Monetary Fund (AMF)... Read More

12-08-2021

AMF disburses to the Arab Republic of Egypt the second tranche of the loan within the framework of the Structural Adjustment Facility in the Public Finance Sector, with an amount of Arab Accounting Dinar 65.775 million, the equivalent of approximately...

Arab Monetary Fund disburses to the Arab Republic of Egypt the second tranche of the loan within the framework of the Structural Adjustment Facility in the Public Finance Sector, with an amount of Arab Accounting Dinar 65.775 million, the equivalent of approximately USD 282 million, to support... Read More

05-08-2021

The Arab Monetary Fund extends a new Compensatory Loan to the Republic of Tunisia, with an amount of Arab Accounting Dinar 19.175 million, the equivalent of approximately USD 82 million, in face of current circumstances

The Arab Monetary Fund (AMF) is keen to support the efforts of its member countries to implement economic, financial and structural reforms, in face of various challenges, through a number of means, including financing the needs of the balance of payments and public budgets, and financing trade... Read More

04-08-2021

The Fourteenth Edition of the Arab Economic Outlook Including Updated Forecasts for Growth and Inflation in Arab Economies for 2021 and 2022

Arab Economies are expected to grow by 2.9 percent in 2021 and 3.6 percent in 2022, reflecting the positive impact of vaccination campaigns, enhanced aggregate demand, and continued policy support Uneven recovery is expected as eleven Arab countries will likely recover by the end of 2022, while the... Read More

29-07-2021

At the occasion of Buna’s preparation to launch its instant payment services The Arab Monetary Fund (AMF) holds a virtual workshop to elaborate on instant payment implementation at regional and global level

The workshop is hosting guest speakers from the European Central Bank, Bank of Italy, Swift and senior managers representing instant payment operators and several commercial banks More than 200 senior officials will attend the workshop, representing central banks and a wide spectrum of regional and... Read More

Top