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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 Force
AMF 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.

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Publication:Kuwait News Agency (KUNA)
Date:Nov 23, 2009
Words:138
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