THE ARAB MONETARY FUND ISSUES A STUDY ON "THE RELATIONSHIP BETWEEN INFORMATION AND COMMUNICATION TECHNOLOGIES, FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN ARAB COUNTRIES"

by **claud39** Mon May 10, 2021 10:33 am

THE ARAB MONETARY FUND ISSUES A STUDY ON "THE RELATIONSHIP BETWEEN INFORMATION AND COMMUNICATION TECHNOLOGIES, FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN ARAB COUNTRIES"
2021-05-09

Developing and developed economies are experiencing major transformations due to the rapid spread of information and communication technologies

The response of economic growth to changes in the indicators of information and communication technologies and the development of the financial sector in the Arab countries

The direct impact of information and communication technologies on economic growth is mainly through the development of the financial sector in the Arab economies

The need to promote the transition to digital financial services, through the development and use of the available infrastructure (communication services and the electronic network) in the Arab countries

Within the framework of the efforts exerted by the Arab Monetary Fund in terms of studies and research activities with the aim of supporting the authorities in the Arab countries in the priority issues of developing the financial sector, the fund issued, within the framework of the “Financial Sector Development Studies Series,” a study on “the relationship between information and communication technologies, financial sector development and growth. Economics in the Arab countries . " The study aims to measure the effects of the interaction between the financial sector and information and communication technologies on economic growth in the Arab countries during the period from 2001 to 2018, in addition to taking into account the impact of three engines of economic activity, which are investment, manpower and trade openness. The study also provides an analytical framework for policymakers in the Arab region, which contributes to enhancing understanding of the relationship between information and communication technologies, financial sector development and economic growth, and thus developing appropriate policies.

Developing and developed economies have witnessed major transformations in recent years due to the rapid spread of information and communication technologies, which contributed to promoting the development of the financial sector, and thus achieving the goals of inclusive and sustainable growth. The results of the study are consistent with expectations and reflect the response of economic growth to changes in the indicators of information and communication technologies and the development of the financial sector in Arab economies during the study period.

In general, the results of the study indicate the need to support the use of modern financial technologies and promote the transition to digital financial services, by developing and using the available infrastructure (communication services and the electronic network) in order to enhance the contribution of the financial sector and information and communication technologies to economic growth in the Arab region.

The full version of the study is available in English at the link

Under the title:

" Effects of the Interaction between Financial Development and Information and Communications Technology on Economic Growth in the Arab Region "

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%AD%D9%88%D9%84-%D8%A7%D9%84%D8%B9%D9%84%D8%A7%D9%82%D8%A9-%D8%A8%D9%8A%D9%86-%D8%AA%D9%82%D9%86%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B9%D9%84%D9%88%D9%85%D8%A7%D8%AA-%D9%88%D8%A7%D9%84%D8%A7%D8%AA%D8%B5%D8%A7%D9%84%D8%A7%D8%AA-%D9%88%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9