Cooperation agreement between international and Arab funds

The Arab Finance Fund and the International Monetary Fund (IMF) are going to sign in Abu Dhabi on coming Friday an agreement for mutual cooperation in regulating technical training programs.

According to this agreement the Arab Monetary Fund will ratify the establishment of training courses arranged by the IMF in the Middle East.

The Arab fund's general manager, Jassim al-Manaey, and the IMF's director general, Michel Camdessus, will endorse the agreement.

Camdessus will begin a Gulf tour on Friday, during which he will meet with United Arab Emirates President Sheikh Zayed bin Sultan and a number of high-ranking officials to boost cooperation between economic and financial circles in the UAE and the IMF.

The commission of the IMF and World Bank visits the UAE annually to assess the economic experience in the UAE.