African Monetary Fund

African Monetary Fund

Abbreviation	AMF
Type	Financial institution
Legal status	Treaty
Headquarters	Yaoundé, Cameroon
Region	Africa
Membership	54 member states
Affiliations	African Union

The Africa Monetary Fund will be an African Union financial institution, though in time its responsibilities will be transferred to the African Central Bank. This institution is one of the three financial institutions of the future African Union. It will be based in Yaoundé, Cameroon.^[1]

Proposed shareholding

The bank envisages to have a paid up capital of $23 billion.^[2]

References

External links

• Draft Statute of the African Monetary Fund
• AU discussions on African Monetary Fund

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