Financial and Banking News
Loans & Issues
AMF Trade Facility Attracts $400mn Subscriptions
The inter-Arab trade facility launched by the Arab Monetary Fund (AMF) in1988 (MEES, 12 December 1988), which commenced operations the following year,has attracted subscriptions totaling nearly $400mn, rather than the $500mnwhich was originally targeted. The AMF itself has provided $250mn as planned,with $100mn coming from the Arab Fund for Economic and Social...