Arab Monetary Fund (AMF)

Fonds Monétaire Arabe (FMA)

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Contact Details

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History

Established 27 Apr 1976, Rabat (Morocco), on signature of 'Arab Monetary Fund Agreement' by Economy and Finance Ministers of Arab States, following approval, 14 Dec 1975, of Council of Arab Economic Unity (CAEU) and, 8 Dec 1975, of the Economic Council of League of Arab States (LAS). Commenced operations 13 Feb 1977, when Agreement came into force. A multilateral aid institution.

Aims

Promote monetary and economic integration development among Arab countries. 'Main Objectives': (1) Correcting disequilibria in the balance of payments of member states. (2) Promoting the stability of exchange rates among Arab currencies, rendering them mutually convertible, and assisting in the elimination of restrictions on current payments between member states. (3) Promoting the development of Arab financial markets. (4) Studying ways to promote the use of the Arab dinar as a unit of account and paving the way for the creation of a unified Arab currency. (5) Coordinating the position of member states in dealing with international monetary and economic problems with the aim of realizing their common interest while, at the same time, contributing to the settlement of world monetary problems. (6) Settling current payments between member states in order to promote trade among them.

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Activities

Financial and/or material support; training/education; events/meetings.

Structure

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Languages

Arabic, English, French.

Staff

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Financing

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Relations with Inter-Governmental Organizations

Relations with 21 inter-governmental organizations.
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Relations with Non-Governmental Organizations

Relations with 6 non-governmental organizations.
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Publications

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Members

Members in 22 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Commerce
    • Finance
    • Funds
    • Currency
    • Money
  • Economics
    • Economic

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic Growth

UIA Org ID

F5515

Last News Received

1. Mar 2015
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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