Thursday, June 24, 2010
The Arab Monetary Fund is expected to grow 4 percent of the region's economies
Dr. Jassim Al Mannai, Director General, Head of the Governing Council of the Arab Monetary Fund, said he expected rapid growth of Arab economies with high oil prices to 4 per cent less on average this year, while there will be no debt crisis of the euro zone have little impact.
It was also on the sidelines of the meeting to discuss experiences of Arab States in the face of the global financial crisis, has been coordinated in the positions of Arab States in this regard.
In the context of the Fund's role as the technical secretariat for the meetings of the Arab Commission for payment and settlement systems, has prepared a working group established by this Committee in coordination with the IMF working paper on the «framework for linking adapters payment nationalism in the Arab States» in preparation for presentation to the sixth annual meeting of the Committee be held on 30 this June.
This meeting will discuss the detailed studies on a project Create a mechanism or arrangements for clearing and settlement of payments of inter-Arab, which cooperate in the preparation of the Fund with the World Bank and a group of central banks and independent experts.
He stressed that the Fund, working in cooperation with the Arab and international organizations and the tasks entrusted to him to do as the editor of the Arab Unified Economic Report for the preparation of the separation axis about the repercussions of the global economic crisis on the economies of the Arab States» and other chapters in charge of preparing the Unified Arab Economic Report for 2010.
In the context of the Fund's role as the technical secretariat for the meetings of the Arab Commission for payment and settlement systems, has prepared a working group established by this Committee in coordination with the IMF working paper on the «framework for linking adapters payment nationalism in the Arab States» in preparation for presentation to the sixth annual meeting of the Committee be held on 30 this June.
This meeting will discuss the detailed studies on a project Create a mechanism or arrangements for clearing and settlement of payments of inter-Arab, which cooperate in the preparation of the Fund with the World Bank and a group of central banks and independent experts.
He stressed that the Fund, working in cooperation with the Arab and international organizations and the tasks entrusted to him to do as the editor of the Arab Unified Economic Report for the preparation of the separation axis about the repercussions of the global economic crisis on the economies of the Arab States» and other chapters in charge of preparing the Unified Arab Economic Report for 2010.
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