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Cooperation in the Arab Region

Cooperation in the Arab Region. ARAB. Payments and Securities Settlement Initiative. Cooperation in the Arab Region. The World Bank and the Arab Monetary Fund in cooperation with regional and international organizations will lead Arab Payments and Securities Settlement Initiative.

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Cooperation in the Arab Region

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  1. Cooperation in the Arab Region ARAB Payments and Securities Settlement Initiative

  2. Cooperation in the Arab Region The World Bank and the Arab Monetary Fund in cooperation with regional and international organizations will lead Arab Payments and Securities Settlement Initiative

  3. Cooperation in the Arab Region • The Initiative will assess payments and securities settlement systems in the Countries belonging to the Arab region (e.g. Algeria, Bahrain, Egypt, Jordan, Kuwait, Iraq, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, United Arab Emirates ) with a view to identifying strategies and action plans to improve their safety, efficiency and integrity • Although the Arab Initiative will follow a similar infrastructure as other regional experiences, the content and interaction mechanisms will be adapted to the reality of the Region , in particular with regard to Gulf Countries

  4. Cooperation in the Arab Region OBJECTIVE: Assessing and recommending improvements to payments and securities settlement systems in the CIS Country Ownership Integration of securities and payments Cooperation with international organizations

  5. Cooperation in the Arab Region Secretariat (AMF) Core Team (World Bank) IAC: Int. Organizations Central Banks from Other Regions Securities Commission from Other Regions Regional Central Banks Group COUNTRY TEAM Local Authorities • COUNTRY • ASSESSMENT • Public Report • Statistical Tables • Glossary • Recommendations Report/Action Plan RegionalSecurities Commissions Group

  6. ARAB INITIATIVE ACTIVITIES Phase 1 Workshops Meetings Preparatory Work - Preparation of relevant documents - Initial contacts with IAC members -Initial contacts with countries in the Region Preparatory Workshop March 2005 IAC meeting March 2005

  7. ARAB INITIATIVE ACTIVITIES Phase 2 (From II Quarter 2005 – IV Quarter 2007) Country Assessments Meetings Workshops/ Training Country 1 II Q 2005 Country 2 III Q 2005 Annual Payments Workshop Country X Country 3, 4 IV Q 2005 Country 5 I Q 2006 Country Y Annual IAC meeting Country 8 III Q 2006 Country 6, 7 II Q 2006 Country Z Groups Tools …. Country 10 I Q 2007 Country 9 IV Q 2006 Securities Commission Group Meetings Web Page Country 11 I Q 2007 Country 12 II Q 2007 Ad Hoc Policy Papers Core PrinciplesMatrix Securities Matrix WG TOR Working papers …… Central Bank Group Meetings Country 13 III Q 2007 Country 14 IV Q 2007

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