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Arab Monetary Fund and Bank for International Settlements Organize the Second Working Party Meeting on Monetary Policy in the Arab Region | world's solutions

Arab Monetary Fund and Bank for International Settlements Organize the Second Working Party Meeting on Monetary Policy in the Arab Region

The Arab Monetary Fund (AMF), and the Bank for International Settlements (BIS) organize the Second Working Party Meeting on Monetary Policy in the Arab Region in Abu Dhabi, the United Arab Emirates on 15-16th November 2017. The purpose of this event is to review recent global and regional economic and financial developments and to exchange views on their implications for the banking sector and monetary policies management in the Arab region. Also, the meeting will address some technical issues related to liquidity and exchange rate regimes. The meeting will be attended by 51 high-level officials responsible for monetary policy from twenty-three central banks and monetary authorities, including fourteen central banks from the Arab region and nine international central banks including the Federal Reserve Board (FED) and the European Central Bank (ECB) as well as participants from the Arab financial sector.

The Arab Monetary Fund (AMF) is a regional Arab institution, founded in 1976, and has started operations in 1977. The AMF’s mission is to lay the monetary foundation of Arab economic integration and to accelerate the process of economic development of its member countries, through providing training and capacity building on topics of interest, as well as financial and technical assistance to member countries to correct balance of payments disequilibria and implement structural reforms towards the modernization of their financial systems, and offering training and technical assistance to banking and monetary institutions in Arab countries with the objective of developing and strengthening their financial markets.

The Bank for International Settlements (BIS) which was established in 1930, is the world’s oldest international financial organization. The BIS has 60-member central banks, representing countries from around the world that together constitute about 95 percent of world GDP. The mission of the BIS is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks.


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