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Arab Monetary Fund

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Arab Monetary Fund

Money reserve established in 1976 by many Arab states plus the Palestine Liberation Organization (PLO) to provide a mechanism for promoting greater stability in exchange rates and to coordinate Arab economic and monetary policies. It operates mainly by regulating petrodollars within the Arab community to make member countries less dependent on the West for the handling of their surplus money. The fund's headquarters are in Abu Dhabi in the United Arab Emirates.

The member states are: Egypt, Syria, Iraq, Lebanon, Jordan, Saudi Arabia, Yemen, Algeria, Bahrain, Djibouti, Kuwait, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Somalia, Sudan, Tunisia, the PLO, and the United Arab Emirates.



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Debt to Arab and regional financial and multilateral institutions such as the Arab Monetary Fund (AMF), APICORP, Arab Fund for Economic & Social Development (AFESD), Islamic Development Bank (IDB), and the private sector.
38 million deal for Jordan's telecom sector", 30 October 1995; "IFC joins forces with Arab Monetary Fund and IBCA to launch inter-Arab rating company", 8 October 1995; "IFC approves loan for tissue essay plant in Jordan", 19 September 1994; "IFC uses EC equity line to invest in Egypt Fund", 24 November 1993; "IFC to invest in Egypt's tourism sector", 13 October 1993; "Ifc to take shareholding in Commercial International Bank, SAE, of Egypt", 25 May 1993; found at www.
The Iraq Fund for External Development and the Arab Monetary Fund followed.
 
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