ARAB MONETARY FUND (AMF)
P.O. Box 2818 Telephone: (2)621-5000 Abu Dhabi Facsimile: (2)632-6454 United Arab Emirates (2)633-2479 Telex: 22989 AMF EM 23345 NAQD EM E-mail: email@example.com Internet: www.amf.org.ae Director General and Chairman of the Board of Directors: ... Jassim AL-MANNAI
LANGUAGES: Arabic, English
ESTABLISHMENT AND FUNCTIONS
AMF is an intergovernmental regional Arab financial institution having an independent juridical personality. Its main objectives are to finance economic reforms and structural adjustment programs, and provide member countries with policy advice and technical assistance support. As such, the AMF assists countries to correct balance of payments imbalances through the extension of concessionary short and medium-term loans, achieve exchange rate stability, and develop capital markets. It promotes coordination of monetary policies, the liberalization and promotion of trade, as well as the encouragement of capital flows among member countries.
22 members: Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Syrian Arab Republic, Tunisia, United Arab Emirates, Republic of Yemen
The Board of Governors is the highest authority. Each member country is represented by a Governor and an Alternate Governor appointed for five years.
The Board of Directors consists of eight Directors elected by the Board of Governors for a three-year renewable term under the chairmanship of the Director General. The Board of Directors guides operations in general and exercises powers delegated to it by the Board of Governors.
The Director General serves as the Chairman of the Board of Directors. He is appointed by the Board of Governors for a five-year renewable term and is responsible for the conduct of operations and appointment of staff.
Available in English and Arabic: Annual Report; The Articles of Agreement of the Arab Monetary Fund; Money and Credit in Arab Countries (annual); National Accounts of Arab Countries (annual); Foreign Trade of Arab Countries (annual); Cross Exchange Rates of Arab Currencies (annual); Arab Countries: Economic Indicators (annual); Balance of Payments and External Public Debt of Arab Countries (annual); AMF Publications Catalog (annual); Occasional lectures on topical economic and financial issues. Available in Arabic only: The Joint Arab Economic Report (annual); AMF Economic Bulletin; Developments in Arab Capital Markets (quarterly bulletin, issued by AMF's Arab Capital Markets Database)
UPDATED: May 1, 2003