THE ARAB MONETARY FUND (AMF) PARTICIPATES IN THE FOURTH HIGH-LEVEL MEETING OF REGIONAL FINANCE ARRANGEMENTS WASHINGTON, 16 OCTOBER 2019

by **claud39** Mon Oct 21, 2019 7:04 am

THE ARAB MONETARY FUND (AMF) PARTICIPATES IN THE FOURTH HIGH-LEVEL MEETING OF REGIONAL FINANCE ARRANGEMENTS WASHINGTON, 16 OCTOBER 2019
2019-10-20

THE ARAB MONETARY FUND (AMF) PARTICIPATES IN THE FOURTH HIGH-LEVEL MEETING OF REGIONAL FINANCE ARRANGEMENTS WASHINGTON, 16 OCTOBER 2019 PHOTO-2019-10-17-17-26-23

His Excellency Dr. Abdul Rahman bin Abdullah Al Humaidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund (AMF) participated in the 4th High-Level Dialogue Meeting on Regional Financing Arrangements, which was held on Wednesday, 16 October 2019 in Washington in the presence of the heads of several institutions and international organizations and senior officials: Arab Monetary Fund BRICS Group Chiang Mai Multilateral Initiative, Association of Southeast Asian Nations, Eurasian Stabilization and Development Fund, European Commission, European Stability Mechanism, Latin American Reserve Fund International ml of the financial infrastructure in the Group of Twenty. Ms. Kristalina Georgieve, Director General of the International Monetary Fund, also attended . The dialogue provided an opportunity for senior officials of participating institutions to exchange views on policy issues related to the global financial safety net.

During the dialogue, participants noted the efforts of the Regional Financing Arrangements Group, with the participation of the International Monetary Fund (IMF), to organize six courses of action on inter-institutional cooperation on training and capacity-building, technical assistance, macroeconomic monitoring, communication strategies, lending and policy tools, and reform program design. At the meeting, the heads of regional funding funds and arrangements emphasized the role of technical assistance for capacity-building in member countries and the importance of training staff in institutional development, particularly welcoming the IMF initiative and the willingness to design cooperation, and encouraged continued exchange of knowledge between these groups and institutions.

Participants applauded recent developments in communication among regional funding arrangement clusters, with their annual activities being institutionalized. All regional funding institutions and arrangements agreed that it would be useful to strengthen communication channels with the IMF, especially in times of crisis. Participants also noted that regional features have stimulated the development and adoption of instruments tailored to regional needs, where future programs funded by the IMF and regional funding arrangement clusters can benefit from the diversity of instruments provided by the IMF and regional finance arrangement clusters.

Recognizing the difficulty of designing the program, the discussions among the Presidents emphasized the need to address short-term macroeconomic stability, structural reforms and long-term development goals.

In conclusion, the leaders of the Regional Finance Arrangements Group (RFAG) expressed their expectation that the outputs of each course of action would be finalized by the end of 2019. They also reaffirmed their commitment to continue engagement with the IMF.

On this occasion, His Excellency Dr. Abdul Rahman bin Abdullah Al Humaidi briefed the participants on the developments of the activities and activities of the Arab Monetary Fund towards enhancing attention to technical support and capacity building, pointing to the new strategy of the Fund for the period 2020-2025, in terms of focusing on the use of modern financial technologies, digital economy and financial inclusion. His Excellency stressed the keenness of the Arab Monetary Fund to deepen cooperation with the International Monetary Fund and other regional financial institutions and arrangements. In this context, he presented ideas and proposals to enhance joint technical cooperation. He also touched on the regional institution for the clearing and settlement of Arab payments, and its role in promoting regional financial integration and integration, and economic ties with the main trading partners of the Arab region.

https://www.amf.org.ae/ar/content/%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D9%8A%D8%B4%D8%A7%D8%B1%D9%83-%D9%81%D9%8A-%D8%A7%D9%84%D9%84%D9%82%D8%A7%D8%A1-%D8%A7%D9%84%D8%AD%D9%88%D8%A7%D8%B1%D9%8A-%D8%A7%D9%84%D8%B1%D8%A7%D8%A8%D8%B9-%D8%B1%D9%81%D9%8A%D8%B9-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D9%88%D9%89-%D9%84%D8%AA%D8%B1%D8%AA%D9%8A%D8%A8%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%A7%D9%84%D8%A5%D9%82%D9%84%D9%8A%D9%85%D9%8A%D8%A9