Arab Monetary Fund (AMF)
Fonds Monétaire Arabe (FMA)
1976-04-27 Rabat Morocco
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 D-XD0433 - Council of Arab Economic Unity (CAEU) and, 8 Dec 1975, of the Economic Council of D-XD2903 - League of Arab States (LAS). Commenced operations 13 Feb 1977, when Agreement came into force. A multilateral aid institution.
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.
Events16 past events available with paid subscription only.
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Board of Governors; (meets annually, normally in April); Board of Executive Directors. Departments (currently 6): Economics and Technical; Economic Policy Institute; Investment; Finance and Computer; Legal; Administration. Internal Audit Bureau; Bureau of Director General; F-XF5173 - Arab Trade Financing Programme (ATFP). Serves as secretariat for: E-XE1874 - Arab Committee on Banking Supervision (ACBS); Arab Committee on Payment and Settlement Systems (ACPSS); Council of Arab Finance Ministers; E-XE2603 - Council of Arab Central Banks and Monetary Agencies' Governors (CGACB).
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UN Sustainable Development Goals **
UIA Org ID
** UN SDGs are linked to the subject classification.
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