Financial and Banking News
Delayed Payments Cripple AMF Says Chairman; AFESD Demands $100mn inArrears from Iraq
The Chairman and Director General of the Arab Monetary Fund (AMF), Mr. UsamaFaquih, said in Abu Dhabi on 24 April that four member countries owe the AMFback payments amounting to $572mn. He said the delayed payments have crippledthe AMF and represent 42% of the fund's available resources. Mr. Faquih did notname the four states, but they are...