The Board of Governors has appointed H.E. Dr. Abdulrahman Bin Abdullah Al Hamidy as Director General and Chairman of the Board of Executive Directors of the Arab Monetary Fund (AMF), effective March 5th, 2014, thus succeeding H.E. Dr. Jassim Al-Mannai, who held this position over the period 1994-2014.
In addition, with his appointment, Dr. Al Hamidy will also hold the position of Chief Executive and Chairman of the Board of Directors of the Arab Trade Financing Program (ATFP), a subsidiary of the AMF.
H.E. Dr. Al Hamidy, a Saudi national, holds a PHD in Economics from the University of Oregon, U.S.A. He served as Vice-Governor at Saudi Arabian Monetary Agency over the period 2009-2013, and as Executive Director in the Arab Monetary Fund over the period 2003-2013. He also represented Saudi Arabia in the meetings of the Deputies of the IMF and the G20.
The AMF is a Regional Financial Institution, whose main objective is to promote monetary and economic integration, and to foster economic development in the Arab countries. To that effect, the AMF contributes to the financing of balance of payments deficits, and to the removal of restrictions on current payments, as well as the development of Arab Financial Markets in the member countries. It also contributes to human and institutional capacity building in the member countries, and serves as the Secretariat of both the Council of Arab Ministers of Finance and the Council of the Arab Governors of Central Banks and Monetary Agencies, while the ATFP, aims at promoting Arab trade by providing the necessary financing for Arab trade and enhancing the competitive position of Arab exporters.
Arab Monetary Fund
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