Arab Monetary Fund lends Mauritania USD 47 mln.ABU DHABI Abu Dhabi (ä`b  thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. , Nov 23 (KUNA) -- Arab Monetary Fund (AMF AMF ACE (Allied Command, Europe) Mobile ForceAMF Autorité des Marchés Financiers (French) AMF Action Message Format AMF Arab Monetary Fund AMF Asian Monetary Fund AMF Autocrine Motility Factor ) agreed Monday to lend Mauritania USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 47 million to modernize financial administration and reforming budget systems. The loan agreement was signed by the Mauritanian minister of finance and AMF Board Chairman Dr. Jassem Al-Mannae. The loan, a statement by the AMF said, would aim at backing Mauritania's reforms to match international standards. The reforms, it added, aims at improving preparations of budgets and strengthening auditing. The loan, it went on, will boost efficiency of the administration of public sector as well as bolstering economic growth and reducing poverty. Cooperation between Mauritania and the AMF, which so far extended USD 327 million in loans to the African country, also includes credit facilities worth USD 43 million. All KUNA right are reserved 2007. Provided by Syndigate.info an Albawaba.com company |
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