Arab Monetary Fund
Analyzing the Policy Trilemma’s Options
This paper aims to examine some policy options related to the trilemma using data for 17 Arab countries over the period 1970 to 2021. It employs the panel least square method to figure out the impact of policy options on GDP growth as a dependent variable along with other explanatory variables. Interestingly, the paper finds that one of the three policy trilemma options has a propensity to be effective.
The Effect of Inflation Rates on Long-Run Economic Growth in Arab Countries
The recent upward inflation trends around the globe have raised concerns about the economic implications of such inflationary waves. In this regard, the study examines the impact of inflation rates on the long-run economic growth in Arab countries. In addition, the study uses the pooled mean group as an estimation method. Data covers 21 Arab countries for the period from 1990 to 2020 is used. The findings present evidence that inflation rates below certain threshold levels positively affect the long-run economic growth.
The Effect of Inflation Rates on Long-Run Economic Growth in Arab Countries
The recent upward inflation trends around the globe have raised concerns about the economic implications of such inflationary waves. In this regard, the study examines the impact of inflation rates on the long-run economic growth in Arab countries. In addition, the study uses the pooled mean group as an estimation method. Data covers 21 Arab countries for the period from 1990 to 2020 is used. The findings present evidence that inflation rates below certain threshold levels positively affect the long-run economic growth.
Is Climate FinTech Effective in Mitigating Climate Change Risk? An Analysis of Linear and Non-Linear Causality Tests
The study aims to investigate the cause-and-effect relationship between the FinTech index and carbon dioxide emissions index globally.
The study findings indicate that there is not a cause-and-effect relationship between the global FinTech index and the carbon dioxide emissions index, which indicates that climate FinTech tools and applications are environmentally friendly.
“ALL YOU WANTED TO KNOW ABOUT BUNA!”
The Arab Monetary Fund (AMF) holds a virtual workshop to spread further the knowledge of Buna functions and future plans
More than 200 senior officials will attend the workshop, representing central banks and a wide spectrum of financial institutions
Abu Dhabi, 1 July 2021: The Arab Monetary Fund (AMF) holds today, Thursday July 1st, 2021, a special workshop to propagate additional knowledge on Buna, the cross-border and multi-currency payment system owned by the AMF, covering various elements related to Buna activities and future plans.
During this workshop, Buna executive team will be enriching the current acquaintance of the banking community with Buna’s innovative solutions and its concrete contribution to the development of the payment sector in the Arab region and beyond, by addressing a diversified list of topics including operations, products roadmap, settlement model, as well as security and compliance frameworks.
The workshop will host more than 200 senior officials representing Arab and international central banks, along with various institutions from the financial, banking and payment sectors in the region and beyond, seeking valuable information about Buna’s recent plans and developments.
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) issued today Tuesday, August 17, 2021, Policy Guide on “Strategies for Adopting DLT/ Blockchain Technologies in Arab Countries” prepared by the Arab Regional Fintech Working Group (WG), which AMF has its technical secretariat. The guide is being issued in the framework of the Fund's endeavours to promote awareness of the requirements for developing Fintech industry and supporting digital financial transformation efforts in Arab countries.
The guide aims to provide policy directions on how to adopt these technologies in the financial sector, how to employ them properly, the related pre-requisites; thereby improving the efficiency of financial and banking services and enhancing support for digital financial transformation and financial inclusion efforts. The guide elaborates on the various types of Distributed Ledger Technologies (DLT) and blockchain, clarifies common myths and misconceptions about them, highlights their governance methodologies, and the initiatives of different countries in adopting these technologies and how to formulate national strategies.
THE ARAB MONETARY FUND AND THE ACCOUNTING AND AUDITING ORGANIZATION FOR ISLAMIC FINANCIAL INSTITUTIONS (AAOIFI) JOIN FORCES TO STRENGTHEN THE DEVELOPMENT OF THE ISLAMIC FINANCIAL SERVICES INDUSTRY FOR THE BENEFIT OF ARAB COUNTRIES.
The Arab Monetary Fund and The Accounting and Auditing Organization for Islamic financial Institutions (AAOIFI) Join forces to Strengthen the Development of the Islamic Financial services Industry for the benefit of Arab Countries.
January 6, 2021
On Wednesday, January 06,2021, The Arab Monetary Fund (AMF) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) signed a Memorandum of Understanding (MOU) to facilitate international cooperation between the two organizations to jointly undertake technical activities relating to the prudential, Shari’ah, accounting and governance standards as well as for promoting awareness of issues that are relevant or have an impact on the regulation and supervision of the Islamic financial services institutions, in addition to other areas of common interest between the two institutions.
The MOU was signed by H.E. Dr. Abdulrahman A. Al Hamidy, Director General Chairman of the Board of the Arab Monetary Fund, and Mr. Omar Mustafa Ansari Secretary-General of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
THE ARAB MONETARY FUND AND THE ACCOUNTING AND AUDITING ORGANIZATION FOR ISLAMIC FINANCIAL INSTITUTIONS (AAOIFI) JOIN FORCES TO STRENGTHEN THE DEVELOPMENT OF THE ISLAMIC FINANCIAL SERVICES INDUSTRY FOR THE BENEFIT OF ARAB COUNTRIES.
On Wednesday, January 06,2021, The Arab Monetary Fund (AMF) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) signed a Memorandum of Understanding (MOU) to facilitate international cooperation between the two organizations to jointly undertake technical activities relating to the prudential, Shari’ah, accounting and governance standards as well as for promoting awareness of issues that are relevant or have an impact on the regulation and supervision of the Islamic financial services institutions, in addition to other areas of common interest between the two institutions.
The MOU was signed by H.E. Dr. Abdulrahman A. Al Hamidy, Director General Chairman of the Board of the Arab Monetary Fund, and Mr. Omar Mustafa Ansari Secretary-General of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
THE ARAB MONETARY FUND (AMF) HOLDS A VIRTUAL WORKSHOP ON BUNA ENTRY IN FULL OPERATIONS
The Arab Monetary Fund (AMF) holds a virtual workshop on Buna entry in full operations
The workshop will take place Today, Thursday January 7, 2021
More than 200 senior officials will attend, representing a wide spectrum of financial institutions from the region and beyond
Speakers from the banking sector to share their views on Buna’s start of operations
Abu Dhabi, 07 January 2021: The Arab Monetary Fund (AMF) holds today, Thursday January 7, 2021 a workshop titled “Buna in Operations”, to shed light on the different aspects related to Buna (the cross-border payment system owned by the AMF) entry in full operations and the onboarding of the first wave of participation.
The workshop will host more than 200 senior officials representing various institutions from the financial, banking and payment sectors from the region and other international markets, looking to learn more about Buna’s operations, work progress and future plans.
During the workshop, high-level speakers from the banking sector along with Buna executive team, will share their views on Buna’s completion of the phased go live approach and the start of onboarding in production of participants. The speakers will also discuss the different key phases of Buna establishment from the launching stage to the operations one and plans for the year 2021 and beyond.