THE ARAB MONETARY FUND, IN COOPERATION WITH THE INTERNATIONAL MONETARY FUND (IMF) CENTER FOR ECONOMICS AND FINANCE IN THE MIDDLE EAST, IS ORGANIZING THE "GOVERNMENT FINANCE STATISTICS" COURSE IN ABU DHABI, UNITED ARAB EMIRATES

by **claud39** Sun Feb 03, 2019 7:54 am

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THE ARAB MONETARY FUND, IN COOPERATION WITH THE INTERNATIONAL MONETARY FUND (IMF) CENTER FOR ECONOMICS AND FINANCE IN THE MIDDLE EAST, IS ORGANIZING THE "GOVERNMENT FINANCE STATISTICS" COURSE IN ABU DHABI, UNITED ARAB EMIRATES

2019-02-03

THE ARAB MONETARY FUND, IN COOPERATION WITH THE INTERNATIONAL MONETARY FUND (IMF) CENTER FOR ECONOMICS AND FINANCE IN THE MIDDLE EAST, IS ORGANIZING THE "GOVERNMENT FINANCE STATISTICS" COURSE IN ABU DHABI, UNITED ARAB EMIRATES FSC_6938

A seminar on "Government Finance Statistics" organized by the Institute for Economic Policy in the Arab Monetary Fund (AMF) in cooperation with the International Monetary Fund (IMF) Center for Economics and Finance in the Middle East opened on Tuesday, February 3-14, 2019.

The course covers a number of important topics, such as an overview of the GFSM 2014 system, as well as practical aspects of data preparation. The course covers basic concepts and accounting principles and detailed classifications in the context of a new methodology that has been harmonized with the SNA. The course also covers the coverage and accounting rules of the GFS framework (including accrual accounting), valuation, classification, public debt, general budget, sources and methods used in the preparation of statistics.

On this occasion, Dr. Abdulrahman bin Abdullah Al Humaidi, Director General and Chairman of the Fund, said:

Dear Sisters and Brothers

I would like to welcome you all at the beginning of the training course on "Government Finance Statistics" organized by the Institute for Economic Policy in the Arab Monetary Fund in cooperation with the International Monetary Fund for the Economy and Finance in the Middle East, hoping that the session will enrich your information on this important topic.

Dear Sisters and Brothers

It is clear to you how accurate and correct data are needed and the government's financial data in particular to analyze the financial policy and identify its effects on the overall economic activity through its impact on growth, unemployment, inflation, public debt and the balance of payments. Hence, the importance of government finance statistics as an essential element in the analysis of public finances, and has a crucial role in the development of sound financial programs and monitoring their implementation, and in the control of economic policies.

Dear Sisters and Brothers

In view of the rapid developments in the financial analysis as a result of the increasing complexity of the formulation and performance evaluation of the Government's fiscal policy, the Arab Monetary Fund, in cooperation with the International Monetary Fund (IMF), is continuously presenting the GFS cycle as it deals with the methods of collecting, preparing and presenting fiscal statistics consistent with The purposes of economic analysis and the design of economic and financial policies and the follow-up requirements of these policies, in accordance with the concepts adopted in the IMF's GFSM 2014.

In this regard, your session covers a number of important topics, such as an overview of the GFSM 2014 system, as well as practical aspects of data preparation. The course covers basic concepts and accounting principles and detailed classifications in the context of a new methodology that has been harmonized with the SNA. The course also covers the coverage and accounting rules of the GFS framework (including accrual accounting), valuation, classification, public debt, general budget, sources and methods used in the preparation of statistics.

The course topics are presented through lectures, applied workshops and case studies aimed at refining knowledge and providing new knowledge and guidance that will benefit you in your work.

Dear Sisters and Brothers

On this occasion, I would like to point out that in the Fund's endeavor to provide the latest information and methods, it is keen to build bridges of communication and strong working ties with international institutions and distinguished regional bodies so that Arab cadres can benefit from their experiences and knowledge. I would like to express our appreciation for the fruitful cooperation with the Center for Economy And financing in the Middle East of the International Monetary Fund, looking forward to the continuation and increase of this cooperation.

Dear Sisters and Brothers

The objective of the Fund is to successfully develop your knowledge, add to your expertise and inform you of the new in your business to improve performance and improve your business. This will only be achieved if you are keen to complete the effort with your enthusiasm and enthusiasm to acquire knowledge, experience, interest and participation in order to achieve the desired benefit of the course.

I would like to thank you and thank the IMF's Middle East Economic and Finance Center for its continued cooperation and wish you a fruitful session and a good stay in Abu Dhabi.

Peace, mercy and blessings of God.