The Arab Monetary Fund (AMF) is unlikely to offer any funding assistance to the eurozone because providing loans to unrest-hit countries across the Arab world has priority, Director General Jassim Al-Mannai said Sunday. “There is a big need in Arab countries, a constant need, taking into account the Arab Spring,” he told reporters on the sidelines of a meeting of regional bankers in the United Arab Emirates' capital. “Also, oil prices may drop because of weak economic growth...I cannot see Arab countries could help Europe.” European Union leaders agreed at a summit in Brussels Friday that euro zone states and other nations should provide up to 200 billion euros ($270 billion) in bilateral loans to the International Monetary Fund to help it tackle the zone's debt crisis. They envisaged 50 billion euros of the total coming from non-euro countries, but it is not clear which nations would be willing to provide the money.
