Cooperation in the Arab Region

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

Regional Securities Commissions Group
6

ARAB INITIATIVE ACTIVITIES
Phase 1
Meetings
Workshops
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 2 III Q 2005
Country 1 II 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 12 II Q 2007
Country 11 I Q 2007
Ad Hoc Policy Papers Core Principles
Matrix Securities Matrix WG TOR Working papers
Central Bank Group Meetings
Country 13 III Q 2007
Country 14 IV Q 2007