The Arab Monetary Fund (AMF) expects to lend about US$500 million (Dh1.83 billion) in financial aid this year as Egypt and Tunisia seek help to plug financial holes in their economies, said the fund's director general.
With about $14bn in capital and the ability to boost its resources further if necessary, the fund was capable of meeting requests from economies in the Arab world requiring financial aid, said Dr Jassim Al Mannai.
'Based on what's happening in Egypt and Tunisia, we would expect [they] will need further financial assistance, and we would be ready to help,' he said.
No comments:
Post a Comment