THE ARAB MONETARY FUND ISSUES THE "FRAMEWORK FOR DIGITAL FINANCIAL TRANSFORMATION IN THE ARAB COUNTRIES" PREPARED WITHIN THE FRAMEWORK OF THE REGIONAL INITIATIVE FOR ENHANCING FINANCIAL INCLUSION IN ARAB COUNTRIES
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THE ARAB MONETARY FUND ISSUES THE "FRAMEWORK FOR DIGITAL FINANCIAL TRANSFORMATION IN THE ARAB COUNTRIES" PREPARED WITHIN THE FRAMEWORK OF THE REGIONAL INITIATIVE FOR ENHANCING FINANCIAL INCLUSION IN ARAB COUNTRIES
by claud39 on Wed Oct 28, 2020 1:08 pm
THE ARAB MONETARY FUND ISSUES THE "FRAMEWORK FOR DIGITAL FINANCIAL TRANSFORMATION IN THE ARAB COUNTRIES" PREPARED WITHIN THE FRAMEWORK OF THE REGIONAL INITIATIVE FOR ENHANCING FINANCIAL INCLUSION IN ARAB COUNTRIES
2020-10-27
2020-10-27
The document is submitted
An integrated vision for the transition to digital financial services and the requirements of policies and technologies to build an environment conducive to the development of digital financial services in the Arab countries
A framework for discussing cooperation opportunities with a number of international financial institutions and development agencies to help support the transition to digital financial transformation in the Arab countries
The Arab Monetary Fund has issued the "Framework for Digital Financial Transformation in the Arab Countries", which was prepared within the framework of the regional initiative to enhance financial inclusion in Arab countries. The preparation of the document comes within the framework of the efforts of the Arab Monetary Fund and its partner institutions in the initiative to support the efforts of Arab countries in terms of digital financial transformation, and to complement a number of documents and guiding principles issued by the Fund within the framework of the initiative's work, and the work of the modern financial technologies working group on issues of digital financial transformation and service development Digital. Its issuance also comes in response to the directives of the Board of Governors of Central Banks and Arab Monetary Institutions and its support for partner institutions in the initiative to enhance the efforts of Arab countries in digital financial transformation, and to cooperate with the relevant institutions in this regard.
The document deals with the requirements and steps of digital financial transformation in Arab countries as a tool to assist supervisory authorities to adopt appropriate programs and policies, as it provides an integrated vision for the transition to digital financial services and the requirements of policies and technologies to build an environment that encourages the development of digital financial services in Arab countries. The document also represents a framework for cooperation with international financial institutions and development agencies to help support the transition to digital financial transformation in Arab countries.
A full copy of the document is available at this link
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