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The Arab Gulf Programme for Development (Agfund) has signed an agreement with Arab Monetary Fund to promote economic development and achieve sustainable development goals in the region through boosting financial inclusion.
The MoU will focus on supporting micro, small and medium-sized agricultural projects, and digital financial transformation, which contributes to accelerating the economic growth and creating job opportunities in the region.
Buna, a provider of online money transfers for the Middle Eastern market, has signed a new memorandum of understanding with Bahrain’s electronic payment system. Read more about the international payments market with our money transfers news.
Various governments have made good use of last year’s unprecedented IMF allocation, but the Ukraine war, ongoing debt issues, and other economic problems are a reminder that the region cannot sidestep deeper reforms indefinitely.
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