WASHINGTON, CMC – The Inter-American Growth Financial institution (IDB) says it has signed a memorandum of understanding (Mo) with the Arab Financial Fund (AMF) to strengthen cooperation on strategic points for monetary improvement in Latin America, the Caribbean, and the Arab area.
The settlement focuses on three flagship areas of collaboration: cost methods, local weather finance, carbon markets, and the Public Sector Asset Administration (CAsA Programme).
Underneath the cost methods, the settlement requires deepening cooperation between AMF’s Buna platform and the IDB’s funds work, together with the FUSE initiative, which presently works on the native degree solely. This consists of joint technical help and information change to advertise extra environment friendly, interoperable cross-border cost methods.
Concerning local weather finance and carbon markets, advancing shared analysis and technical work on carbon pricing, inexperienced taxonomies, and monetary incentives will likely be undertaken. The 2 establishments can even coordinate forward of COP30 and collaborate via key occasions such because the AMF’s Inexperienced Finance Assembly and IDB-led local weather boards.
The CAsA Programme will help treasury modernization throughout the general public sector via secondments, technical workshops, and advisory companies targeted on advanced monetary devices and analytics.
“This settlement represents a major milestone in strengthening ties between Latin America, the Caribbean, and the Arab world. By partnering with the Arab Financial Fund, we’re deepening cooperation on real-time cost methods, advancing joint analysis on carbon markets and local weather finance, and public sector asset administration via treasury modernization,” mentioned IDB President Ilan Goldfajn.
“Our collaboration with the Inter-American Growth Financial institution displays a shared dedication to advancing monetary innovation, institutional improvement, and financial sustainability throughout our areas. This partnership will allow us to change experience, improve cross-regional dialogue, and ship impactful capacity-building initiatives,” mentioned Dr Fahad M. Alturki, Director Normal Chairman of the Board of the AMF.
The memorandum offers a platform for secondments, joint occasions, and coordinated technical help to foster innovation, enhance institutional capability, and drive sustainable finance.
