THE ARAB MONETARY FUND IN COOPERATION WITH THE INTERNATIONAL MONETARY FUND CENTER FOR ECONOMY AND FINANCE IN THE MIDDLE EAST ORGANIZES A COURSE "DIAGNOSING VULNERABILITIES" DURING THE PERIOD 8-19 DECEMBER 2019 ABU DHABI - UNITED ARAB EMIRATES

THE ARAB MONETARY FUND IN COOPERATION WITH THE INTERNATIONAL MONETARY FUND CENTER FOR ECONOMY AND FINANCE IN THE MIDDLE EAST ORGANIZES A COURSE "DIAGNOSING VULNERABILITIES" DURING THE PERIOD 8-19 DECEMBER 2019 ABU DHABI - UNITED ARAB EMIRATES




2019-12-08






The course " Diagnosing vulnerabilities ", organized by the Training and Capacity Building Institute of the Arab Monetary Fund in cooperation with the International Monetary Fund Center for Economy and Finance in the Middle East, opened this morning at the Fund’s headquarters in Abu Dhabi during the period  8-19 December 2019.
 
Many economic crises that ravaged a number of countries and the resulting fluctuations in markets and bankruptcies showed that these various countries were suffering from basic economic economic challenges and faced weakness in the financial sectors. 


In light of this, it was found that any economic liberalization process carries with it the potential for financial and monetary crises. Therefore, it is necessary to determine the appropriate measures for the areas of exposure in the public financial sector, the financial sector and external accounts to strengthen the banking system and control the conditions of the public budget and the development and integration of markets.


One of the most important lessons learned from previous crises is the emergence of the need more than ever to the need to work to find appropriate means to predict the problem before it occurs and thus deal with it before it becomes more urgent, which requires a review of the method and approach followed and focus on proactive management as a way to avoid crises. 


Therefore, the course aims to evaluate weaknesses in public finance, the financial sector and external accounts in an integrated manner through the use of several diagnostic tools aimed at monitoring risks, including a number of selected tools currently used in the work of financial institutions control.


On this occasion, the speech of His Excellency Dr. Abdul Rahman bin Abdullah Al-Hamidi, General Manager and Chairman of the Board of Directors of the Arab Monetary Fund:

a word
Your Excellency, Dr. Abdul Rahman bin Abdullah Al-Hamidi,

The General Manager is the Chairman of the Board of Directors
At the opening of the course on
Diagnosing vulnerabilities

In cooperation with
The International Monetary Fund Center for Economy and Finance in the Middle East

Abu Dhabi, 8 - 19 December 2019








Honorable Sisters and Brothers


At the beginning of the course on "
It gives me great pleasure to welcome all of you to the diagnosis of vulnerabilities
Organized by the Training and Capacity Building Institute of the Arab Monetary Fund in cooperation with the Monetary Fund Center
Hoping to waste the course in deepening and developing the international economy and finance in the Middle East, Mu will contribute
Your technical knowledge of diagnostic issues and contribute to enriching the analytical aspect of endurance tests.

Honorable Sisters and Brothers

It has shown many economic crises that have rocked a number of countries and the resulting fluctuations
In markets and bankruptcies, these various countries were experiencing structural economic challenges
Fundamental and facing weakness in the financial sectors. In light of this it was found that any process of economic liberalization

It carries with it the potential for financial and monetary crises, so it is imperative to determine the appropriate measures for a citizen

Exposure to risk in the public finance, financial and external accounts to strengthen the system
Banking, budget setting, market development and integration.

One of the most important lessons learned from previous crises is the emergence of a need more than ever
The necessity of working to find the appropriate means to predict the problem before it occurs and thus deal with it before

It has become increasingly necessary, which requires a review of the approach and approach taken and focus on proactive management

Pathways to crises. So the course aims to assess weaknesses in public finance and the sector to avoid
Financial and external accounts in an integrated way through the use of several diagnostic tools aimed at
Monitoring of risks, including a number of selected tools currently used in audit
financial institutions.

Honorable Sisters and Brothers

With increasing interdependence and complementarity between different economies and in light of the rapid changes taking place

The global economy, and what the economic situation can lead to in light of the current data
And the policies adopted, it became necessary to rely on accurate diagnostic methods to obtain
Good analytical results for current and future status, based on discussion of potential risks and weaknesses
In the economy, both external and internal, and explain the potential implications of these risks
The economy, the policies involved in addressing them, and how to use them as an input to a process
Policy making.

Honorable Sisters and Brothers

Your session is part of these efforts, as the session is a valuable opportunity for you to deepen understanding
Weaknesses in public finance, the financial sector, external accounts and related policies,
Especially those related to the persistence of internal and external public debt sustainability and tests
Tolerance, early warning and crisis forecast indicators. Session lectures focus on themes
The next president:

Measure and track the fragility of the financial system using financial safety indicators.

Identify weaknesses in the public financial sector.

Identify weaknesses in the external sector.

Economic and financial weaknesses and crises.

Analyzing the viability of external imbalances, in particular the persistence of miscalculation
Current, and current account shocks risk factors.

In conclusion, I am pleased, in this regard, to welcome the distinguished experts participating in providing the course materials,

I cannot help but pay tribute to the fruitful and continuous cooperation with the IMF Economic Center
And financing in the Middle East in the holding of such important training courses that benefit many
Cadres in our Arab countries.

With best wishes for a successful session and a good stay in Abu Dhabi.
May peace and God's mercy and blessings be upon you.

GTA / EC / L p



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