AMF, WBG sign agreement

The Arab Monetary Fund (AMF) and the World Bank Group (WBG) signed yesterday an Enhanced Partnership Framework (EPF) to support countries in the Middle East and North Africa (MENA) region in developing their economies and financial markets.

The Framework was signed by MENA Vice President Hafez Ghanem, Dr. Abdulrahman Al Hamidy, Arab Monetary Fund (AMF) Director General and Chairman of the Board, and Mouayed Makhlouf, International Finance Corporation Regional Director for the Middle East and North Africa.

“The Arab Monetary Fund’s extensive experience in assisting financial sector development in the region, and in supporting capacity development effort in our member countries, has always been among our top priorities,” said Dr. Abdulrahman Al Hamidy, AMF Director General and Chairman of the Board.

”We look forward to pursuing and intensifying this effort to better tackle the needs in the region.”