Arab Monetary Fund
Investopedia Financial Dictionary:
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Arab Monetary Fund
A sub-organization of the Arab League that facilitates monetary cooperation, trade and financial market development among member states. The fund's 22 member states include Algeria, Bahrain, Egypt, Iraq, Libya, Morocco, Saudi Arabia, Somalia and the United Arab Emirates.
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The Arab Monetary Fund was founded in 1976 and is headquartered in Abu Dhabi. It is managed by a board of governors, board of executive directors and chairman of the board. To accomplish its goals, the fund provides short and medium-term credit, liberalizes and promotes trade, offers technical assistance to banks and other monetary institutions, helps settle current payments and works with international organizations. The fund requires its member countries to reduce restrictions on current payments and transfer of capital and to coordinate their economic policies.
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Arab Monetary Fund
Oxford Handbook of International Financial Terms:
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Arab Monetary Fund
Established along the lines of the International Monetary Fund in 1977 for the Arab world. Its members are Algeria, Saudi Arabia, Bahrain, Egypt, Iran, Yemen, Jordan, Qatar, Kuwait, Libya, Lebanon, Mauretania, Morocco, Oman, Somalia, Sudan, Syria, Tunisia, the United Arab Emirates, and the Palestinian Liberation Organization (PLO).
Wikipedia on Answers.com:
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Arab Monetary Fund
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Arab Monetary Fund
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 Map of the Arab League
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| Administrative center | Abu Dhabi, United Arab Emirates | |||
| Official languages | Arabic | |||
| Type | Arab League institution Development finance institution |
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| Membership |
22 members
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| Leaders | ||||
| - | Director General / Chairman |
Jassim Al Mannai | ||
| Establishment | ||||
| - | Agreement | 27 April 1976 | ||
| Arab League |
 This article is part of the series: |
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Arab issues
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The Arab Monetary Fund (AMF) is a regional Arab organization, founded 1976, and operational from 1977. It is a working sub-organization of the Arab League.
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Contents
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Objectives
The Arab Monetary Fund's main objectives are to correct and balance the payment of its member states, remove payment restrictions between members, improve Arab monetary cooperation, encourage the development of Arab financial markets (paving the way for a unified Arab currency), and to facilitate and promote trade between member states.
Location and members
The AMF's headquarters are in the city of Abu Dhabi, the capital of the United Arab Emirates.
Member countries (22) are:
Algeria
Bahrain
Comoros
Djibouti
Egypt
Iraq
Jordan
Kuwait
Lebanon
Libya
Mauritania
Morocco
Oman
Palestine
Qatar
Saudi Arabia
Somalia
Sudan
Syria
Tunisia
United Arab Emirates
Yemen
Organization structure
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This section requires expansion. |
The principal organs of the AMF are the Board of Governors, the Board of Executive Directors, and the Director-General. In the Board of Governors (General Assembly) each member state is represented by a Governor and a Deputy Governor. The Board of Executive Directors, composed of eight directors of renewable three-year terms, is chaired by the Director-General, who is appointed to the board for a renewable five-year term and also holds the position of Managing Director of the AMF. [2] The organization distributes its work through various offices, departments and committees, and there are also other divisions, including administration, loans, legal, internal audit, treasury and investments.
See also
References
- ^ "Objectives and means". Arab Monetary Fund. http://www.amf.org.ae/content/objectives-and-means. Retrieved 2010-08-11.
- ^ Pierre van den Boogaerde, "Financial assistance from Arab countries and Arab regional institutions" (International Monetary Fund, 1991)
External links
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Investopedia Financial Dictionary
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Oxford Handbook of International Financial Terms
The Handbook of International Financial Terms. © 1997
Oxford University Press.
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