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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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ABU DHABI, Nov 23 (KUNA) -- Arab Monetary Fund (AMF) agreed Monday to lend Mauritania USD 47 million to modernize financial administration and reforming budget systems.
Arab Monetary Fund lends Mauritania USD 47 mln by Kuwait News Agency (KUNA)
Dr Jassim Al Mannai, Director General and Chairman of the Board, Arab Monetary Fund, said it was important to find out why money from the Arab world was flowing out as investments in other regions rather than here itself.
Abu Dhabi Economy Set to Grow at 4% in 2010 by Khaleej Times (Dubai, United Arab Emirates)
This announcement was made by the founding members of the association and coincides with the workshop on Developing Credit Bureaus in the Arab World organised by the Arab Monetary Fund (AMF) and the International Finance Corporation (IFC), which will be held in Abu Dhabi tomorrow (November 9).
ME credit reporting association formed by TradeArabia (Manama, Bahrain)
 
 
 
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