Al-Kabir reviews with Arab Monetary Fund using "Buna" payment platform

Al-Kabir reviews with Arab Monetary Fund using "Buna" payment platform

December 08, 2022 - 23:15
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Written By: AbdulkaderAssad

The Governor of the Central Bank of Libya (CBL), Al-Siddiq Al-Kabir, discussed Wednesday in Abu Dhabi with the Chairman of the Board of Directors of the Arab Monetary Fund (AMF), Abdul Rahman Al-Hamidi, developments related to the “Buna” platform for Arab payments and ways to benefit from it.

The meeting also dealt with the repercussions of the global financial crisis on the economies of Arab countries, and the joint cooperation between the AMF and the CBL.

Al-Kabir participated in a meeting on Wednesday in Abu Dhabi, which included representatives of the AMF, Basel Committee on Banking Supervision, the Bank for International Settlements, and the governors of Arab central banks, which dealt with the issue of financial stability, the risks of the banking and financial sector, and the opportunities and challenges of the digitization of the financial system.

Al-Kabir also met with the Governor of the UAE Central Bank, Khalid Balama, and discussed global economic challenges and their implications for the general situation of central banks, in addition to a number of files of joint interest.