Date: 07/04/2015 12:19
Arab Monetary Fund and the Islamic Development Bank signed on Tuesday a memorandum of understanding aimed at supporting the economies of the Arab countries in various fields and activities.
The note, which was signed on the sidelines of the annual meeting of the institutions of joint Arab financial institutions and the Council of Arab finance ministers, which opened today in Kuwait, providing technical advice to Member States in areas of common interest, particularly in the financial and banking sectors, and also aims note to the development of Islamic finance tools .
The note also contains coordination efforts between the two institutions to improve statistical systems, and the provision of economic and financial statistics reliable.
The two institutions will work according to the memorandum, to promote the exchange of information and consultation on various issues of economic, financial, trade and investment policies.
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