Arab Monetary Fund

AAA

DEFINITION of 'Arab Monetary Fund'

A sub-organization of the Arab League that facilitates monetary cooperation, trade and financial market development among member states. The fund's 22 member states include Algeria, Bahrain, Egypt, Iraq, Libya, Morocco, Saudi Arabia, Somalia and the United Arab Emirates.

INVESTOPEDIA EXPLAINS 'Arab Monetary Fund'

The Arab Monetary Fund was founded in 1976 and is headquartered in Abu Dhabi. It is managed by a board of governors, board of executive directors and chairman of the board. To accomplish its goals, the fund provides short and medium-term credit, liberalizes and promotes trade, offers technical assistance to banks and other monetary institutions, helps settle current payments and works with international organizations. The fund requires its member countries to reduce restrictions on current payments and transfer of capital and to coordinate their economic policies.

RELATED TERMS
  1. Emirates Investment Authority - ...

    A state-owned investment fund established in 2007 by the United ...
  2. Macroeconomic Stabilization Fund ...

    A reserve fund established by the country of Venezuela. Also ...
  3. Organization Of Arab Petroleum ...

    An inter-governmental organization based in Kuwait that seeks ...
  4. International Monetary Fund - IMF

    An international organization created for the purpose of: 1. ...
  5. Islamic Banking

    A banking system that is based on the principles of Islamic law ...
  6. Murabaha

    An Islamic financing structure, where an intermediary buys a ...
Related Articles
  1. Can The IMF Solve Global Economic Problems?
    Economics

    Can The IMF Solve Global Economic Problems?

  2. What Is The World Bank?
    Insurance

    What Is The World Bank?

  3. Global Trade And The Currency Market
    Forex Education

    Global Trade And The Currency Market

  4. An Introduction To The International ...
    Fundamental Analysis

    An Introduction To The International ...

comments powered by Disqus
Hot Definitions
  1. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  2. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  3. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  4. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  5. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  6. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
Trading Center