NO. 40


Financial and Banking News

Aid Flows

AMF Suspends Membership Of Iraq, Sudan And Somalia

The Director General of the Arab Monetary Fund (AMF), Dr. Jasim al-Mana'i,announced last week that the membership of Iraq, Sudan and Somalia in the AMFhad been suspended because the three countries had failed to pay some $650mnin arrears owed to the fund. Dr. Mana'i explained that the existence of thesearrears prevented the fund from carrying on its lending activities, and said...