The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and the Arab Monetary Fund (AMF) demonstrated their shared interest in a closer collaboration on issues of financial inclusion – particularly with regard to national financial inclusion strategies, SME finance and insurance – and signed a formal MoU in September 2015. Based on shared principles of development cooperation, the organisations aim to engage in a process of information, consultation and knowledge exchange. Joint events, projects and studies are envisaged to this end. As a first step, the organisations held a high-level conference on financial inclusion in 2015.
The Arab Monetary Fund is a regional Arab organisation, founded in 1976 by the Economic Council of the League of Arab States. Its main objectives are to improve Arab monetary cooperation, to encourage the development of Arab financial markets, to facilitate trade between its member states as well as to foster pan-Arab development projects.