THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND HOLDS ITS 98TH MEETING
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND HOLDS ITS 98TH MEETING
THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND HOLDS ITS 98TH MEETING
2021-03-04

2021-03-04

On Thursday 04 March 2021
The Fund organizes seven “remote” meetings and workshops, during the first quarter of 2021, on global and regional economic developments and priorities in the post-pandemic preparedness phase, to support the return of the economic, financial and banking sectors to normal paths of growth
The Fund offers 10 "remote" training courses for official Arab cadres
The Fund discusses the experiences of Arab countries in the fields of "Governance of Investments and Public Projects" and "Reforms of the Wage and Pensions System" during the Sixth Meeting of the Under- Secretaries of the Ministries of Finance for Arab Countries
The Arab Monetary Fund signs a memorandum of understanding with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), aiming to build a comprehensive framework for cooperation and partnership between the two institutions in areas of common interest
Issuing 7 new issues of a series of introductory booklets to increase the economic and financial awareness of Arab youth
The Fund issues a number of studies and working papers on current developments at the regional and international levels
And its repercussions on Arab economies
The Fund issues the first issue of the "Observatory of Experimental Regulatory Environments in the Arab Countries",
In order to monitor the most prominent successful models in this field
The Benny platform provides cross-border dollar settlement services
Today, Thursday, March 4, 2021, the 98th meeting of the Board of Executive Directors of the Arab Monetary Fund, chaired by Dr. Abdul Rahman bin Abdullah Al-Hamidi, Director General and Chairman of the Board of Directors. The meeting reviewed the developments of the Fund's activities, and the most important things it did in its various fields of work during the first quarter of 2021, within the framework of its five-year strategy (2020-2025).
With regard to the lending activity , the Council was informed of the position of loan requests submitted by Arab member states to benefit from the resources of the Fund, as well as the Fund's follow-up to the agreed reform programs supported by loans in support of the efforts of Arab countries to enhance the economic, financial and monetary conditions.
On the other hand, the council’s agenda included a review of the development of the fund’s investment activity, including the activity of accepting deposits from central banks and Arab monetary institutions, the performance of investment portfolios, developments in global financial markets, and the measures taken to implement the fund’s strategy in the field of investment.
The Board also reviewed the Fund’s initiatives to develop the Arab financial and banking sector and financial markets, which comes at the top of its priorities, as the partnership between the Fund and the International Federation of Deposit Insurance Institutions of the Bank for International Settlements was announced, in addition to issuing a number of principles and guides, including: “Principles” Guideline for organizing open banking operations, and a guideline document for organizing the provision of digital wallet services. The Board also briefed on the Fund’s activities within the framework of financial inclusion initiatives, developing bond markets in Arab countries, enhancing Arab countries ’capabilities in the use of modern financial technologies, and other initiatives.
The Board also reviewed the Fund’s activities in the field of enhancing cooperation with local, regional and international financial organizations and institutions. The Board was informed of the Fund’s signing of the Memorandum of Understanding with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), which aims to build a comprehensive framework for cooperation and partnership between the two institutions in providing advice services. Technical and capacity building in the Arab region in the areas of enhancing awareness of standards related to the regulation and supervision of Islamic financial institutions, as well as other issues of mutual interest between the two institutions.
Within the framework of its role as the technical secretariat of the Council of Governors of Central Banks and Arab Monetary Institutions and the committees and working groups emanating from it, the Council was informed of the organization of the Fund "remotely", for five meetings that dealt with a set of priority issues, to keep abreast of the current developments at various levels, represented in: The twentieth meeting of the Group Regional work to enhance financial inclusion in Arab countries, the thirteenth meeting of the Financial Stability Working Group in Arab countries, the twenty-second meeting of the Arab Committee for Payment and Settlement Systems, the coordination meeting of the Arab central banks that are members of the Group of Modern Financial Technologies, and the meeting of the working group emanating from the Arab Committee for Banking Supervision .
During the meeting, the Board was also informed of the completion of the establishment of the regional institution for clearing and settlement of Arab payments, and the “Bani” platform of the institution, and the most important developments in this regard were reviewed in that the fund in January 2021 completed the procedures for including the US dollar as a settlement currency on the “Buna” platform.
The Council also reviewed the results of communicating with banks operating in the Arab countries as participants in the "Bani" platform, in coordination with central banks and Arab monetary institutions, through the organization of the seventeenth and eighteenth workshops, with the aim of introducing the full operation of the "Benny" platform and international currency settlement processes.
Within the framework of its role as the secretariat of the Council of Arab Finance Ministers, the Council was informed of the organization of the Fund, "remotely", for the sixth meeting of the Under Secretaries of Finance for Arab countries, with the participation of a number of experts from the International Monetary Fund, the World Bank, and the Organization for Economic Cooperation and Development, where a number of working papers were reviewed and discussed, It dealt with topics such as: "Enhancing the efficiency of resource distribution in Arab countries to achieve inclusive and sustainable growth," "Transformation requirements for a digital economy to enhance efficiency and governance in Arab countries", "tax treatment of digital services in Arab countries", and "tax policy options." In support of small and medium enterprises, ”the“ governance of public investments and projects, ”and“ reforms of the wage and pension system. ”
The Board was also informed of the latest issues of the Fund, including reports, research, pamphlets, books, and working papers, since the previous meeting of the Board in December 2020.
claud39- VIP NewsHound
- Posts : 18367
Join date : 2018-11-04
The Central Bank of Iraq joined the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
The Central Bank of Iraq joined the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
January 08, 2018


https://cbi.iq/news/view/555
claud39- VIP NewsHound
- Posts : 18367
Join date : 2018-11-04

» PRESS RELEASE THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND HOLDS ITS 98TH MEETING ON THURSDAY, 27 DECEMBER 2018
» THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND INTENDS TO HOLD ITS 98TH MEETING ON THURSDAY 27 DECEMBER 2018
» International Monetary Fund: We are ready to support Iraq
» THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND HOLDS ITS 101ST MEETING ON THURSDAY, 20 JUNE 2019
» THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND HOLDS ITS 94TH MEETING ON THURSDAY, MARCH 12, 2020
» THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND INTENDS TO HOLD ITS 98TH MEETING ON THURSDAY 27 DECEMBER 2018
» International Monetary Fund: We are ready to support Iraq
» THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND HOLDS ITS 101ST MEETING ON THURSDAY, 20 JUNE 2019
» THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND HOLDS ITS 94TH MEETING ON THURSDAY, MARCH 12, 2020
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Cabinet Approves Loan Agreement for Water Supply and Sanitation Project in Baghdad
» Wiley Morgan of Gen64 on Skype Chat Friday Night ~ Updated 6/10
» Mahmoud Dagher explains the economic feasibility of removing zeros from the local currency
» Al-Rasheed Bank announces the removal of its name from the list of international sanctions of the Charter of the United Nations
» The United States allocated 140$ million to support Iraq
» USD/IQD exchange rates climb in Baghdad
» NOPEC Law
» Turkish lira weakens to 15.16 against dollar
» Here's my guess
» Tony and Twitter
» Hamza Al-Jawahiri to / NINA /: The survival of quotas and consensus will not achieve any sustainable development for the national economy / expanded
» The appearance of Muhammad Salih to / Nina /: This is how the surplus oil revenues are disposed of
» USD closes slightly higher in Baghdad on Sunday
» The Central Bank of Iraq 75 years in the face of economic challenges
» (Budget Reserve) may see the light next Wednesday
» Al-Kazemi's advisor puts forward a proposal to double growth rates
» VOTE -- Who Is The Worst Dinarland INTEL Provider Today?
» “Dedicated to Service” on Instagram
» Rehabilitation of the Church of the Virgin Mary in the province of Basra within the Tamkeen project for community initiatives
» 95% of Iraqi revenues still come from oil
» CBI foreign currency sales hike in April
» Where does the excess oil price differentials go?
» Introducing myself...
» Amer Al-Jawahiri to / Nina /: Improving economic activities in the local market is more stable than deleting confusing zeros
» Iraq's oil generates more than 10 billion dollars in one month
» USD/IQD exchange rates inched up in Baghdad
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Exchange rate game in Iraq: how speculators grossed millions of dollars in 48 hours scheme
» Holly: "Remember we are not in the know of all that goes on behind the scenes" (More Guessing Games...Just What Everybody Needs! LOL) 7/13/21
» RV INTEL BY TEXAS SNAKE, BOB LOCK AND ED OCALA (Three Blind Mice? LOL) 12/8/21
» Technical Adviser to the Prime Minister: The positive effects of changing the exchange rate will be felt more after 3 years
» An economist stresses the need to invest surplus money from oil revenues in profitable projects
» CBI sells +212$ million in the forex auction on Monday
» USD/IQD exchange rates drop in Baghdad
» Outdated laws are a major economic challenge for the next government, Allawi says
» (Initial agreement) to reduce the amount of the emergency support law to 23 trillion dinars
» Planning announces a rise in the monthly and annual inflation rate in Iraq
» Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad
» Mazhar Muhammad Salih: The Central Bank's balance is three times more than the government's external debt