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ARAB MONETARY FUND ORGANIZES MEETING ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

ARAB MONETARY FUND ORGANIZES MEETING ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY

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ARAB MONETARY FUND ORGANIZES MEETING ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY Empty ARAB MONETARY FUND ORGANIZES MEETING ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY

Post by claud39 on Wed Jun 03, 2020 10:29 am

THE ARAB MONETARY FUND ORGANIZES THE FOURTH EXTRAORDINARY MEETING FROM A DISTANCE OF MANAGERS OF BANKING SUPERVISION AND FINANCIAL STABILITY IN CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY, TUESDAY, JUNE 2, 2020


2020-06-02



ARAB MONETARY FUND ORGANIZES MEETING ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY Logo-ar












From 15:00 to 17:00 Abu Dhabi time

The meeting discusses:

     Ways to strike a balance between enhancing the durability of the financial sector and protecting individuals and companies

               Means of intervention by central banks to enhance financial stability until the end of the year

The options available if the crisis continues beyond the end of this year

Assessing systemic risks that may threaten financial stability

Methods of dealing with regulatory capital requirements and liquidity

 



The Arab Monetary Fund is organizing the fourth (virtual) extraordinary meeting today, Tuesday, 2 June 2020, to discuss the implications of the Corona Virus on financial stability, banking supervision and credit information.


The meeting will be attended by directors of the departments of financial stability, banking supervision and credit information at the central banks and Arab monetary institutions, in addition to the Arab Monetary Fund, which is responsible for the technical secretariat of the committees and work teams emanating from the Board of Governors of central banks and Arab monetary institutions. Representatives from regional and international institutions such as the International Monetary Fund, the World Bank, the Bank for International Settlements, the Financial Stability Board, the Financial Stability Institute, the Basel Committee for Banking Supervision, the Vienna European Institute, the International Federation of Deposit Insurance Institutions, and the International Federation of Insurance Supervision Authorities also attend.


The holding of this meeting comes at a time when the Corona pandemic continues to spread worldwide, and the economic, social, financial and banking risks and ramifications are increasing. This unexpected situation has created additional pressures on supervisory and supervisory work, and the authorities are seeking to limit the negative impact of the virus implications on the financial and banking sector and its safety.


In this context, the meeting is held in these exceptional circumstances, to discuss the implications of the Corona virus on the fundamentals of financial stability in the Arab countries. The meeting will contribute to dialogue and exchange of experiences on developing policies and tools related to enhancing financial stability in Arab countries, in order to reduce the effects of the virus on financial stability. The meeting will also discuss the role of total precautionary policy tools in the current stage and the next stage until the end of the year, especially capital and liquidity instruments.


On the other hand, the meeting will discuss a number of important topics that are important to the aspects of banking supervision, including the role of banking supervision in the next stage under the current conditions, and the options available from tools and policies if the crisis continues beyond the end of the current year. In addition to the proposed solutions regarding the challenges of implementing the IFRS 9 in this stage and the next stage until the end of the year, and ways to deal with regulatory capital requirements and liquidity. The meeting will also discuss the operational and cyber risks of the banking sector in the current stage, in light of the increased reliance on modern financial technologies in implementing banking operations at this stage. The meeting will also discuss the ability of the banking sector to cope with the repercussions, especially banks with systemic risks.


     The meeting will hear presentations from the International Monetary Fund, the World Bank, the Bank for International Settlements, the Financial Stability Board, the Financial Stability Institute, the Basel Committee for Banking Supervision and the European Institute of Vienna, on the latest developments regarding the implications of the Corona virus on the elements of financial stability, and aspects of banking supervision.


In this context, HE Director General of The Chairman of the Fund Board of the Arab Monetary to continue to hold these meetings exceptional comes to emphasize that maintaining financial stability in the Arab countries is one of the central banks of the priorities and institutions of criticism of Arab, due to the close association of financial stability with stability and economic and social in Countries. His Excellency also affirmed the increasing interest shown by Excellencies and Governors of central banks and Arab monetary institutions for the work of the committees and work teams and the prominent role they play as a platform for dialogue and the transfer of knowledge and exchange of experiences and experiences between Arab countries regarding this important issue. His Excellency renewed his hopes to save our dear Arab countries and the world from this epidemic, and to quickly overcome the repercussions of this crisis. His Excellency pointed out the Fund's guidelines on how central banks deal with the implications of the Corona virus on financial stability, stressing its importance as reference guidelines.





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ARAB MONETARY FUND ORGANIZES MEETING ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY Empty THE ARAB MONETARY FUND PUBLISHES A STUDY ENTITLED: "THE IMPACT OF HUMAN CAPITAL ON ECONOMIC GROWTH IN THE ARAB COUNTRIES COMPARED TO TWO SAMPLES FROM ASIAN AND OECD COUNTRIES"

Post by claud39 on Thu Jun 04, 2020 9:06 am

THE ARAB MONETARY FUND PUBLISHES A STUDY ENTITLED: "THE IMPACT OF HUMAN CAPITAL ON ECONOMIC GROWTH IN THE ARAB COUNTRIES COMPARED TO TWO SAMPLES FROM ASIAN AND OECD COUNTRIES"
2020-06-03





ARAB MONETARY FUND ORGANIZES MEETING ON THE IMPLICATIONS OF THE CORONA VIRUS ON FINANCIAL STABILITY Logo-ar




The Arab Monetary Fund publishes a study entitled:
 
"The impact of human capital on economic growth in the Arab countries compared to two samples from Asian and OECD countries"

 
Increasing human capital by about one percent contributes to improving economic growth in Arab countries by 0.5 percent
The existence of a mutual effect between human capital and economic growth, and hence the importance of investment in education, training, health and scientific research
The existence of production efficiency enables pressure on the cost of factors of production

 
This study aims to estimate the impact of human capital on the gross domestic product of Arab countries, compared to two groups of Asian and OECD countries.

The study highlighted the positive contribution of human capital to economic growth, which is not very different compared to Asian countries, but it is still below the level recorded in developed countries. In this context, the study showed that the increase in human capital by one percentage point results in an increase in economic growth by about half a percentage point, compared to about 0.6 per cent in Asian countries and by 0.9 per cent in the countries of the Organization for Economic Cooperation and Development .

The study also revealed that there is a long-term productive efficiency in the Arab countries that enables to reduce the unit cost of production. This result is important because of its impact on the consumer price index and social welfare. However, this efficiency remains below the level recorded in developed countries.

The study also showed that there is a mutual impact between gross domestic product and human capital, which requires investment in the main sectors that directly feed human capital, including education, training, capacity building, health, scientific research, development and inventions .

The full version of the study is available at the following link: Arabic / English 






https://www.amf.org.ae/en/studies/effects-human-capital-economic-growth-arab-countries-compared-asian-and-oecd-countries




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%D9%8F%D8%B5%D8%AF%D8%B1-%D8%AF%D8%B1%D8%A7%D8%B3%D8%A9-%D8%A8%D8%B9%D9%86%D9%88%D8%A7%D9%86-%D8%A3%D8%AB%D8%B1-%D8%B1%D8%A3%D8%B3-%D8%A7%D9%84%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%A8%D8%B4%D8%B1%D9%8A-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D9%86%D9%85%D9%88-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%AF%D9%88%D9%84
claud39
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