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CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS I_icon_minitimeYesterday at 6:02 am by Ditartyn

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CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS I_icon_minitimeSat Mar 23, 2024 9:25 am by swizzlestick

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CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS I_icon_minitimeWed Mar 20, 2024 6:29 am by Zig

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CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS I_icon_minitimeThu Mar 07, 2024 2:10 pm by Arendac

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CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS I_icon_minitimeMon Mar 04, 2024 11:40 am by Arendac

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CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS I_icon_minitimeMon Mar 04, 2024 11:40 am by Verina

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CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS I_icon_minitimeMon Jan 29, 2024 6:13 pm by kenlej

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CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS I_icon_minitimeSun Jan 28, 2024 3:28 pm by Mission1st

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CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS I_icon_minitimeMon Jan 22, 2024 9:03 pm by kenlej

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CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS I_icon_minitimeThu Jan 18, 2024 7:17 am by Dinarhater

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CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS I_icon_minitimeWed Jan 17, 2024 5:19 pm by RamblerNash

CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS

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CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS Empty CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS

Post by claud39 Thu Sep 17, 2020 11:26 am

HIS EXCELLENCY DR. ABDULRAHMAN BIN ABDULLAH AL-HAMIDI, DIRECTOR-GENERAL AND CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE FORTY-FOURTH SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS


 2020-09-15


CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS Logo-ar






The importance of dialogue and consultation between supervisory authorities in the Arab countries, to face the post-crisis challenges
The expected growth of Arab economies decreased by 4.0 from 2020
The need to confront the repercussions of the high levels of global public debt, which has now reached about
331 percent of global GDP
$ 1.3 billion is the size of the resources provided by the Arab Monetary Fund to the Arab countries during the first half of 2020
The fund issued several guiding principles and guides to help Arab countries adopt appropriate policies during and after the crisis
 

His Excellency Dr. Abdulrahman bin Abdullah Al-Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund, delivered a speech at the opening of the forty-fourth session of the Board of Governors of Central Banks and Arab Monetary Institutions, which will be held this year "remotely". Their Excellencies, Governors of Central Banks and Arab Monetary Institutions, and a number of senior officials from the European Central Bank, the Bank for International Settlements, the International Monetary Fund, the World Bank, the Bank of France, and the Financial Action Task Force (FATF) participated in the meeting. The Arab League, the General Secretariat of the Cooperation Council for the Arab States of the Gulf, the Union of Arab Banks, the Union of Arab Securities Commissions, the Financial Action Task Force for the Middle East and North Africa region, in addition to the Arab executives of each of the International Monetary Fund and the World Bank participated in the meeting as observers. .
In his speech, His Excellency stated that the global economy is facing the worst economic crisis after the Great Depression, affected by a number of factors, the most important of which are the repercussions of the Coronavirus pandemic, the continued escalation of trade tensions between advanced economies, and concerns about the repercussions of the significant rise in public indebtedness levels, which affected activities in Both developed economies and developing countries, which in turn was reflected in the expected contraction of growth rates for the global economy from 2020 by about 5.0 percent, for advanced economies by 8.0 percent, and for emerging economies and developing countries by about 3.0 percent.
In the same context, His Excellency the Director General, Chairman of the Board of Directors of the Arab Monetary Fund, stressed that these developments will have important repercussions on Arab economies during the coming period, indicating that the expected decline in the growth of international trade will be reflected in the levels of external demand, which contributes about 48 percent of the output. The GDP of the Arab countries as a group, and in particular the expected slowdown in the economies of the two groups of Asian countries and the European Union, which absorb about 65 percent of total Arab exports. His Excellency also indicated that the slowing levels of global demand for oil in light of the continued abundance of supply, which would exert pressure on international oil prices, which would affect the economies of Arab countries.
On the other hand, H.E. Which adopts flexible exchange rate regimes.
In another context, His Excellency Dr. Al-Hamidi warned of the growing increase in global indebtedness levels, which currently amounted to about 331 percent of global GDP, which would enhance the fragility of financial market conditions, indicating in this context that the danger of the increase in global debt at the time The current situation is represented in the unprecedented indebtedness of the household sector and the corporate sector, and the decline in the quality of private debt. As for the Arab countries, His Excellency indicated that the challenge of increasing indebtedness rates is among the most prominent challenges facing Arab economies in light of the recent increase in public debt rates, as the total public debt of Arab countries has reached about 123 percent of the gross domestic product of Arab countries. Borrowed.
On the other hand, His Excellency Al-Hamidi referred to the estimates of the Arab Monetary Fund, which indicate that the Arab countries collectively recorded a contraction of about 4.0 per cent in 2020, compared to a growth rate of about 1.6 per cent for the year 2019, a reflection of the repercussions of the pandemic, which is expected to lead to A decrease in external demand, which contributes about 48 percent of total demand in Arab countries, and a decrease in remittances from workers abroad, in addition to a decline in the volumes of foreign direct investments and outflows of foreign capital.
On the other hand, His Excellency the Director General, Chairman of the Board of Directors, affirmed the Fund’s keenness to respond quickly to the needs of Arab countries in light of the Coronavirus pandemic, indicating in this regard that the Fund has met the borrowing requests as quickly as possible, indicating that financial resources have been provided to a number of member states in The form of new loans, or withdrawals on existing loans, to face the economic and financial repercussions resulting from the outbreak of the Coronavirus and support reform efforts, through the application of the Rapid Action Framework, which enabled borrowing member states to benefit from these resources as quickly as possible, indicating in this regard that The total volume of resources approved during the first half of 2020 amounted to about 304.2 million Arab account dinars (DAH), equivalent to about 1.3 billion US dollars.
In the same context, His Excellency Dr. Al-Hamidi indicated that the Fund has intensified its efforts in organizing consultative meetings, exchanging experiences and expertise, preparing reports and studies on current developments and prospects for Arab economies under exceptional circumstances, indicating in this regard that the Fund has organized a large number of consultative meetings at the level of Governors, deputy governors and senior officials concerned with monetary policy, financial stability and banking supervision, payment systems, financial infrastructure, modern technologies, and financial inclusion, with central banks and Arab monetary institutions, with the participation of most relevant regional and international financial institutions and frameworks.  
In a related context, and in the context of enhancing the Fund's response to the challenges of facing the current crisis and providing advice to member states, His Excellency the Director General, Chairman of the Board of Directors of the Arab Monetary Fund, indicated that the Fund issued a number of guides and guidelines aimed at helping Arab countries adopt appropriate policies. These principles cover issues of financial stability, modern financial technologies, sustainable finance and financial markets.
In conclusion, H.E. His Excellency the Director General also thanked the excellencies and Excellencies the governors of central banks and Arab monetary institutions for their support to the Fund and the activities of the Council.
The full text of the word
https://www.amf.org.ae/sites/default/files/dg-sp.pdf


https://www.amf.org.ae/ar/content/%D9%85%D8%B9%D8%A7%D9%84%D9%8A-%D8%A7%D9%84%D8%AF%D9%83%D8%AA%D9%88%D8%B1-%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D8%B1%D8%AD%D9%85%D9%86-%D8%A8%D9%86-%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87-%D8%A7%D9%84%D8%AD%D9%85%D9%8A%D8%AF%D9%8A-%D8%A7%D9%84%D9%85%D8%AF%D9%8A%D8%B1-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%B1%D8%A6%D9%8A%D8%B3-%D9%85%D8%AC%D9%84%D8%B3-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-43
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CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS Empty THE ARAB MONETARY FUND, IN COOPERATION WITH THE BANK OF ENGLAND, IS ORGANIZING A (REMOTE) COURSE ON "MODELING SYSTEMIC RISKS IN THE BANKING SECTOR" ABU DHABI - UNITED ARAB EMIRATES

Post by claud39 Thu Sep 17, 2020 11:28 am

THE ARAB MONETARY FUND, IN COOPERATION WITH THE BANK OF ENGLAND, IS ORGANIZING A (REMOTE) COURSE ON "MODELING SYSTEMIC RISKS IN THE BANKING SECTOR" ABU DHABI - UNITED ARAB EMIRATES


 2020-09-15




CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND, SPEAKS AT THE OPENING OF THE MEETING OF THE 44 SESSION OF THE BOARD OF GOVERNORS OF CENTRAL BANKS AND ARAB MONETARY INSTITUTIONS Logo-ar




The online training course on "Modeling Systemic Risk in the Banking Sector" organized by the Training and Capacity Building Institute of the Arab Monetary Fund in cooperation with the Central Bank of England opened today, during the period 14-24 September 2020.

Financial stability is one of the major concerns of central banks and monetary institutions, and since systemic risks are one of the major issues that affect financial stability, which lies at the point of interconnection between the financial system and the real sector, this calls for great care and proactive measures to prevent crises and mitigate their effects If they happen.

The volume of interest in systemic risks has increased significantly after the global financial crisis, which proved that stability at the individual level of each institution of the banking system is not sufficient to achieve financial stability due to the presence of so-called risks at the level of the financial system as a whole, which requires identifying these risks and then measuring them and applying them. Precautionary policies and control measures at the macro level to ensure control of these risks and motivate financial institutions to enhance their durability in order to enable them to absorb the implications of these risks, which contributes to reducing their effects and enhancing the ability of the banking and financial sector to face them. With the circumstances of the Covid-19 pandemic, which is also considered a systemic risk due to its impact that includes all economic sectors without exception, there is an urgent need for the supervisory and supervisory authorities in our Arab countries to be familiar with the methods of dealing with systemic risks.

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

https://www.amf.org.ae/sites/default/files/DG-speechSep-14-2020.pdf



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-%D8%A8%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%85%D8%B9-%D8%A8%D9%86%D9%83-%D8%A5%D9%86%D8%AC%D9%84%D8%AA%D8%B1%D8%A7-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D9%86%D8%B8%D9%85-%D8%AF%D9%88%D8%B1%D8%A9-%D8%B9%D9%86-%D8%A8%D8%B9%D8%AF-%D8%AD%D9%88%D9%84-%D9%86%D9%85%D8%B0%D8%AC%D8%A9-%D8%A7%D9%84%D9%85%D8%AE%D8%A7%D8%B7%D8%B1
claud39
claud39
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Posts : 18423
Join date : 2018-11-04

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