Washington: The Arab Monetary Fund (AMF) and the International Monetary Fund (IMF) have pledged to deepen their cooperation in order to respond more effectively to the needs of their common membership. A Memorandum of Understanding was signed on Monday by Christine Lagarde, Managing Director of the IMF, and Dr Abdul Rahman Al Hamidy, Director-General and Chairman of the Board of the AMF. The accord aims to set out a framework for further cooperation between the two organisations. The AMF and the IMF share common objectives of maintaining macroeconomic and financial stability, and accelerating broad-based and inclusive economic growth and job creation in the Arab region, in addition to strengthening capacity building.
Arab Monetary Fund, IMF deepen cooperation
Memorandum of Understanding signed for the benefit of two organisations’ common membership