AMF extends $1.3b in financial facilities to Arab countries in H1

SourceGulf Today
SectorEconomy
CountryGCC

AMF extends $1.3b in financial facilities to Arab countries in H1 5 hours ago Dr Abdulrahman Bin Abdullah Al Hamidi speaks during an Arab Monetary Fund meeting. File/WAM Dr Abdulrahman Bin Abdullah Al Hamidi, Director-General and Chairman of the Board of Directors of the Arab Monetary Fund (AMF), highlighted the fund’s keenness to respond to the needs of Arab countries during the coronavirus pandemic, by providing financial resources to member countries in the form of new loans or withdrawals on existing loans. These financial measures, which will tackle the economic and financial consequences of the pandemic, were valued at $1.3 billion in the first half of 2020, he added. In his opening speech at the 44th edition of the Council of Governors of the Arab Central Banks and Monetary Authorities, which was ...read more...