Financial and Banking News


AMF Disburses $179mn in 1985 

Total disbursements by the Arab Monetary Fund (AMF) in 1985 were Arab Accounting Dinar (AAD's) 50.96mn ($179mn), compared to AAD18.5mn ($65mn) in 1984, or an increase of 36.3%, according to the Fund's 1985 Annual Report. The Fund disbursed six automatic loans (designed to finance balance of payments deficits under normal circumstances, with a maturity of three years) worth AAD42.5mn to Jordan, Iraq, Mauritania...