Arab Monetary Fund (AMF)
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INTERNATIONAL ORGANIZATIONS
providing technical assistance services for Arab economic and social development. Members. Algeria, Bahrain, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, United Arab Emirates, Republic of Yemen. Headquarters: PO Box 21923, Safat 13080, Kuwait. Website: http://www.arabfund.org Director General and Chairman of the Board of Directors: Abdulatif Y. al-Hamad (Kuwait).
Arab Monetary Fund (AMF) Origin. The Agreement establishing the Arab Monetary Fund was approved by the Economic Council of the League of Arab States in April 1976 and the first meeting of the Board of Governors was held on 19 April 1977. Aims. To assist member countries in eliminating payments and trade restrictions, in achieving exchange rate stability, in developing capital markets and in correcting payments imbalances through the extension of short- and medium-term loans; the co-ordination of monetary policies of member countries; and the liberalization and promotion of trade and payments, as well as the encouragement of capital flows among member countries. Members. Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, United Arab Emirates, Republic of Yemen. Headquarters: PO Box 2818, Abu Dhabi, United Arab Emirates. Website: http://www.amf.org.ae Director General and Chairman of the Board of Directors: Dr Abdulrahman al-Hamidy (Saudi Arabia).
Arab Organization for Agricultural Development (AOAD) The AOAD was established in 1970 and commenced operations in 1972. Its aims are to develop natural and human resources in the agricultural sector and improve the means and methods of exploiting these resources on scientific bases; to increase agricultural productive efficiency and achieve agricultural integration between the Arab States and countries; to increase agricultural production with a view to achieving a higher degree of self-sufficiency; to facilitate the exchange of agricultural products between the Arab States and countries; to enhance the establishment of agricultural ventures and industries; and to increase the standards of living of the labour force engaged in the agricultural sector. Organization. The structure comprises a General Assembly consisting of ministers of agriculture of the member states, an Executive Council, a Secretariat General, seven technical departments—Food Security, Human Resources Development, Water Resources, Studies and Research, Projects Execution, Technical Scientific Co-operation, and Financial Administrative Department—and two centres—the Arab Center for Agricultural Information and Documentation, and the Arab Bureau for Consultation and Implementation of Agricultural Projects.
Members. Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Syria*, Tunisia, United Arab
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