Posted: Monday, October 26, 2015
Events began yesterday cycle «balance of payments statistics», convened by the Economic Policy Institute in the Arab Monetary Fund in collaboration with the Centre for Economics and Finance in the Middle East of the International Monetary Fund.
And participate in the session to be held at the headquarters of the Arab Monetary Fund in Abu Dhabi and will last 11 days, 24 participants from 14 Arab countries.
And His Excellency Dr. Abdulrahman bin Abdullah Al-Hamidi Director General Chairman of the Board of the Arab Monetary Fund, in a speech during the opening of the session, expressed the hope to achieve its objectives of contributing to raise the capacity of participants in, and expand their knowledge and deepen their expertise, including raising the level of their performance session and beneficial to their countries .
He said that the session provides an extensive presentation of the concepts of balance of payments and its components, as they are in the latest guide issued by the International Monetary Fund and an explanation of the methods of preparation and compilation of data and statistics balance of payments, in addition to the study of the interrelationship between the balance of payments statistics and other economic calculations and to identify the concepts of debt statistics and external situation investment International and measuring remittances.
He stressed that the Fund's interest in the subject of «balance of payments statistics» is in line with his quest to contribute to the realization of a number of purposes on top of correcting the imbalance in the balance of payments of the Arab states through the provision of short and medium-term loans to member countries in need of assistance in the financing of the overall deficit in the balance of payments with the rest of the Alm.oukal The fund aims to provide loans to support the reform programs targeted to address the imbalance that leads to the deficit in the balance of payments ..
He pointed out that the state of the balance of payments in the light of economic openness of a country is a mirror of the state of the economy and economic policies on the list.
Dr. Hamidi said the deficit or surplus in the balance of payments is one salient indicators of the performance of the economy and thus the suitability of the economic policies adopted.
He said that the attention of States in good preparation statistics according to the approved scientific basis comes in order to guide decision makers in the financial, monetary and trade policies and other economic policy-making.
He stressed the need the need to provide those responsible for the management of the national economy statistics accurate and comprehensive in the specific dates for the balance of payments situation and according to the latest views and methods used internationally tab, and expressed hope that this session contribute to the achievement of this goal.
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