Arab Monetary Fund

Arab Monetary Fund (AMF)
Emblem
Map of northern Africa and the Middle East indicating members of the Arab League.
Headquarters		Abu Dhabi, UAE
Official languages		Arabic
Type		Arab League institution (development finance)
Members[1]		22 states  Algeria  Bahamas  Comoros  Djibouti  Egypt  Iraq  Jordan  Kuwait  Lebanon  Libya  Mauritania  Morocco  Oman  Palestine  Qatar  Saudi Arabia  Somalia  Sudan  Syria  Tunisia  United Arab Emirates  Yemen
Leaders
-	Director-General (Chairman)	Jassim Al Mannai
Establishment
-	Agreement	27 April 1976

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The Arab Monetary Fund (AMF) is a regional Arab organization, founded 1976, and operational from 1977. It is a working sub-organization of the Arab League.

Objectives

The Arab Monetary Fund's main objectives are to correct and balance the payment of its member states, remove payment restrictions between members, improve Arab monetary cooperation, encourage the development of Arab financial markets (paving the way for a unified Arab currency), and to facilitate and promote trade between member states.

Location and members

The AMF's headquarters are in the city of Abu Dhabi, the capital of the United Arab Emirates.

Member countries (22) are:

•  Algeria
•  Bahrain
•  Comoros
•  Djibouti
•  Egypt
•  Iraq
•  Jordan
•  Kuwait
•  Lebanon
•  Libya
•  Mauritania
•  Morocco
•  Oman
•  Palestine
•  Qatar
•  Saudi Arabia
•  Somalia
•  Sudan
•  Syria
•  Tunisia
•  United Arab Emirates
•  Yemen

Organization structure

The principal organs of the AMF are the Board of Governors, the Board of Executive Directors, and the Director-General. In the Board of Governors (General Assembly) each member state is represented by a Governor and a Deputy Governor. The Board of Executive Directors, composed of eight directors of renewable three-year terms, is chaired by the Director-General, who is appointed to the board for a renewable five-year term and also holds the position of Managing Director of the AMF.^[2] The organization distributes its work through various offices (IA), departments, committees, and divisions

See also

• Arab League
• Arab World
• Council of Arab Economic Unity (CAEU)
• List of Arab organizations

References

External links

• Arab Monetary Fund