A meeting of the joint Arab financial institutions with the participation of ministers of finance, planning and central bank governors - the representatives to these institutions, started at the bank of the Dead Sea in Jordan. The Saudi Arabian delegation headed by Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf includes the Governor of the Saudi Arabian Monetary Agency (SAMA), Dr. Mohammed bin Suleiman Al Jasser, Vice-President and Managing Director of the Saudi Fund for Development Al-Yousef Al-Bassam, a number of specialists from the Ministry of Finance. The Arab financial institutions participating in the meetings are the Arab Fund for Economic and Social Development (AFESD), The Arab Monetary Fund (AMF), Arab Bank for Economic Development in Africa ('BADEA', Arab Authority for Agricultural Investment and Development (AAAID), The Arab Investment and Export Credit Guarantee Corporation (DHAMAN). According to a press release, the meetings will discuss the performance of financial institutions to serve the common Arab efforts to promote Arab economic cooperation in addition to discuss and review aspects of financial institution contribution in supporting the development process in Jordan and ways to increase these contributions in the upcoming years. The financial bodies are playing an important role in supporting development projects in Arab countries. The total funding of $32 Billion by the end of 2007, benefited a number of Member States which contribute to the promotion of bilateral trade between Arab States, the statement said.
