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The Arab Monetary Fund Expands Its Activities To Support The Development Of Responsible Digital Payment Systems In Arab Countries

15th July, 2022

The Arab Monetary Fund joins the United Nations Global Alliance to Promote Digital Payments (Better than Cash Alliance) to Accelerate Financial Inclusion in the Arab Region

Within the framework of the Arab Monetary Fund’s programs and activities to promote financial inclusion, the Fund works to promote the use of responsible digital payments to improve access to finance and financial services, transparency, and efficiency. 

The Fund continues to focus its priorities on supporting youth, women and small enterprises in its efforts to digitize payments, in order to serve the purposes of achieving the sustainable development goals.

On this occasion, His Excellency Dr. Abdul Rahman bin Abdullah Al-Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund, spoke:




“Promoting the digitization of responsible payments in our Arab countries will help attract more segments of society, especially youth, women and small enterprises to the financial system, in line with the requirements and needs of these groups, this will be reflected in supporting opportunities for sustainable growth, creating job opportunities, and promoting equality and financial stability in the Arab countries.”

The Arab Monetary Fund will join more than 80 members of the Better Than Cash Alliance from governments and regional and international financial institutions, committed to promoting responsible digital payments to help advance the Sustainable Development Goals. Joining the alliance highlights the keenness of the Arab Monetary Fund to lead efforts towards digitizing responsible payments in the Arab region, and to inform the members of the alliance about its activities to benefit from the exchange of experiences and expertise with other members, in a way that supports improving the digitization of responsible payments, at the global level and in the Arab world on in particular.

Dr. Ruth Goodwin Grün, Director General of the Global Alliance for the Promotion of Digital Payments, said, “We are pleased to welcome our newest member, the Arab Monetary Fund, which is participating in the growing global effort to shift from cash payments to a system of responsible digital payments to improve the lives of various segments of society.

We commend the The Arab Monetary Fund has a prominent vision in supporting the comprehensive development of its member states by promoting the digitization of responsible payment systems. LINK

Source: Dinar Recaps


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