The Joint Annual Meetings of Arab Financial Institutions are held every spring in one of the Arab countries. During these meetings, the performance of each institution is reviewed, along with the topics on their respective agendas. Discussions cover various issues related to the activities of these institutions, including:

• Approval of annual activity reports and financial statements

• Adoption of administrative budgets for the upcoming fiscal year

• Exchange of views and expertise

• Evaluation of achievements

• Strengthening the role of these institutions in promoting Arab economic integration and joint Arab action

Participating Institutions:

The Arab financial institutions participating in these meetings include:

• The Arab Fund for Economic and Social Development (AFESD)

• The Arab Investment and Export Credit Guarantee Corporation (Dhaman)

• The Arab Bank for Economic Development in Africa (BADEA)

• The Arab Monetary Fund (AMF)

• The Arab Authority for Agricultural Investment and Development (AAAID)

Structure of the Joint Meeting:

The joint annual meetings include the following:

• The Annual Meeting of the Board of Governors of AFESD

• The Annual Meeting of the Board of Governors of the AMF

• The 7th Annual Meeting of the Board of Governors of BADEA

• The Annual Meeting of the Shareholders of Dhaman

• The Annual Meeting of the Shareholders of AAAID

Each institution’s Board of Governors consists of finance or economy ministers from the member states. The meetings are chaired by the finance or economy minister of the host country. Some Arab countries also preside over specific sessions held during the meetings.

Secretary-General of the Arab Financial Institutions:

Dr. Abdulrahman bin Abdullah Al Hamidy, Chairman of the Arab Monetary Fund, serves as the Secretary-General of the Arab financial institutions. The Arab Monetary Fund (AMF) has been responsible for the secretariat since the council’s establishment.

Contact Information:

Address: Arab Monetary Fund Building, Corniche Street, Abu Dhabi, United Arab Emirates
Postal Address: P.O. Box 2818, Abu Dhabi, UAE
Phone: +971 2 6171400
Fax: +971 2 6326454
Email: support@amf.org.ae

Meeting Attendees:

Attendees include:

• Arab Ministers of Finance and Economy, acting as governors of their respective countries in these institutions

• Ministers of Planning and International Cooperation

• Governors of Arab Central Banks

• Their accompanying delegations

• Representatives of regional and international organizations

• Chairpersons and Directors General of Arab financial institutions

Observers attending the meeting include:

• The League of Arab States

• The Arab Fund for Economic and Social Development

• Arab Executive Directors at the International Monetary Fund (IMF) and World Bank Group

Role of Arab Financial Institutions:

These institutions play a critical role in:

• Providing essential financing for development projects

• Supporting balance of payments and structural reforms

• Offering investment guarantees and export credit services

• Financing development projects in countries in need

• Supporting sustainable development efforts in Arab countries

Next Meeting:

The next joint annual meeting is scheduled to take place in May 2024 in Cairo, Egypt.

Egypt’s Participation:

The Arab Republic of Egypt is a significant shareholder in Arab financial institutions. Key contributions include:

• 183.2 million Kuwaiti Dinars to the Arab Fund for Economic and Social Development

• $20 million USD to the Special Account for Financing Small and Medium Private Sector Projects in Arab countries

• 1.9 million Kuwaiti Dinars to the Arab Investment and Export Credit Guarantee Corporation