Financial and Banking News
Arab Monetary Fund Report Details Arrears of Member States
The 1990 Annual Report of the Arab Monetary Fund (AMF) gives details ofarrears owing to the Fund by member states. The total owed is $444.9mn, which isequivalent to 20% of the Fund's equity. The loan portfolio of $998mn includes$311mn in missed principal repayments. In April, the AMF's chairman, Mr. UsamahFaqih, said that arrears by four states were crippling the...