[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110603-en":3,"doc-seo-110603-105":29,"detail-sidebar-cat-0-en-105":89},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},110603,7971461740886,"Theodore","https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2",8,"Research & Report","103rd Meeting of the Development Committee - Statement by Abdulrahman Al-Hamidy","Statement by Abdulrahman Al-Hamidy, Director General and Chairman of the Board of the Arab Monetary Fund, delivered at the 103rd Development Committee (one hundred and third meeting) held virtually in Washington, DC on April 9, 2021. The statement thanks organizers and frames COVID-19 as a driver of unprecedented economic and financial challenges, prompting central banks and finance ministries to deploy liquidity, loan rescheduling, fiscal packages, macroprudential measures, and Basel III deferrals. It emphasizes coordinated timing between macroeconomic, fiscal, and macroprudential policies, the balance between continued support and preventing over-indebtedness, and the role of fintech and digital infrastructure in recovery.","Public Disclosure Authorized  \nPublic Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committeeof the  \nBoards of Governors of the Bank and the Fundon theTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND THIRD MEETINGWASHINGTON,DC-APRIL9,2021(VIRTUAL)  \nStatement by  \nAbdulrahman Al-HamidyDirector General Chairman of the Board  \nArab Monetary Fund  \nDC/S/2021-0001  \nApril 9,2021  \n# صندوق النقد العربيARAB MONETARY FUND\n\nStatement by  \nAbdulrahman Al-HamidyDirector General Chairman of the BoardArab Monetary Fund  \n# 103rd Meeting of the Development Committee\n\nApril 9,2021  \nWashington,DC  \n(VIRTUAL)  \nIt gives me a great pleasure to attend this meeting of the Development Committee in my capacity as anobserver member and,on behalf of the Arab Monetary Fund(AMF),I would like to thank the World Bankfor the kind invitation.My special appreciation goes also to the organizers for having set the appropriatearrangements to hold this important meeting under the circumstance of global COVID 19 pandemic,whichposes significant challenges to all economies across the globe.  \nEconomies and financial markets around the world have been and are still affected by the emergingcoronavirus pandemic,which has posed unprecedented challenges on policymakers to advance economicdevelopment.Indeed,the necessary containment measures to halt the spread of the virus have sharplyslowed down economic activities,leading most countries to deal with larger and more complex financialchallenges and has experienced significant strains from global financial markets.This unpredicted situationhas compelled policymakers around the world to set targeted fiscal packages and support programmes suchas direct cash transfers,suspension of rent and utilities payments,and other means to overcome economicshocks both on individuals and companies,particularly MSMEs.In addition,Central banks eased monetarypolicy stance and provided liquidity to ensure support for SMEs and hard-hit sectors.In this context,Iwould like to direct my statement towards Central Banks'strategies to support economic recovery postCOVID 19 pandemic.  \nAs known,many central banks have launched stimulus,precautionary and preventive measures utilizingmonetary policy instruments to inject liquidity into the banking sector,through backing mechanismsincluding interest rates space and reserve requirements,enabling banks to reschedule loans and deferrepayments repayment plans of consumers.In addition,several central banks have launched various supportprograms focusing on the sustainability of productive sectors,which include,among others,facilitation incredit/loan guarantee schemes enabling the banking sector to reschedule loans for individuals andenterprises alike.Moreover,the Basel Committee's oversight body announced that Basel Ⅲimplementation will be deferred by one year to help banks and supervisors coping with the impact of thecoronavirus disease.Furthermore,several central banks have decided to take swift macroprudentialmeasures to offset the painful economic and financial effects of COVID-19,while finance ministries havetaken several measures to support the real economy,under fiscal policies space.  \nThe above measures aim to support economies not only in mitigating the impact of the pandemic,but alsobeyond the crisis to build strong recovery phase.Central Banks and Governments around the world preparefor the post-crisis era by carefully timing and phasing the reversal of crisis-specific exceptional measuresand monetary instruments in order to minimize the potential impact while ensuring a speedy and maximizedeconomic recovery.In this regard,I would like to emphasis the importance of coordination between theeconomic and macro-prudential policies as well as the need for a balanced timing and phasing approach toreverse the support measures,as their early withdrawal may lead to decrease the required credit volumesthat support corporates and household.In the meantime,the de","cbCaitFB4KEmdKiN","https://ap.wps.com/l/cbCaitFB4KEmdKiN","pdf",1039454,1,4,"English","en",105,"# Background and opening remarks\n## COVID-19 impacts on economies and financial markets\n# Central bank measures and macroprudential actions\n## Liquidity injection and loan rescheduling\n## Basel III and macroprudential measures\n# Recovery strategy and policy coordination\n## Timing and phasing of crisis measures\n## Trade-offs: support vs. over-indebtedness\n# Fintech and digital transformation\n## Strengthening digital infrastructure and investment opportunities","[{\"question\":\"What central bank actions are highlighted to support recovery after COVID-19?\",\"answer\":\"The statement highlights stimulus and preventive measures to inject liquidity, backing mechanisms such as interest rate and reserve requirements, and enabling banks to reschedule loans and defer repayments. It also mentions credit/loan guarantee schemes and macroprudential measures to offset economic and financial effects.\"},{\"question\":\"Why does the statement stress coordination and careful timing of policy reversals?\",\"answer\":\"It argues that policies must be coordinated between economic, fiscal, and macroprudential tools, using balanced timing and phasing to reverse support measures. Early withdrawal may reduce needed credit volumes, while delaying stimulus can increase systemic risks across the financial sector.\"},{\"question\":\"How does the statement connect fintech and innovation to post-crisis recovery?\",\"answer\":\"It says the crisis revealed the importance of fintech and innovation in financial services. Policymakers are encouraged to strengthen digital infrastructure, promote digital transformation, and create development and investment opportunities in financial technologies so fintech can sustain operations when venture capital funding is constrained.\"}]",1784486210,10,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":84,"head_meta":86,"extra_data":88,"updated_unix":27},"103rd-meeting-of-the-development-committee-statement-by-abdulrahman-al-hamidy","",{"@graph":35,"@context":83},[36,52,66],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":21},"https://docshare.wps.com/document/103rd-meeting-of-the-development-committee-statement-by-abdulrahman-al-hamidy/110603/",{"url":51,"name":13,"@type":53,"author":54,"headline":13,"publisher":56,"fileFormat":59,"inLanguage":23,"description":14,"dateModified":60,"datePublished":60,"encodingFormat":59,"isAccessibleForFree":61,"interactionStatistic":62},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":40,"name":57,"@type":58},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":63,"interactionType":64,"userInteractionCount":4},"InteractionCounter",{"@type":65},"ViewAction",{"@type":67,"mainEntity":68},"FAQPage",[69,75,79],{"name":70,"@type":71,"acceptedAnswer":72},"What central bank actions are highlighted to support recovery after COVID-19?","Question",{"text":73,"@type":74},"The statement highlights stimulus and preventive measures to inject liquidity, backing mechanisms such as interest rate and reserve requirements, and enabling banks to reschedule loans and defer repayments. It also mentions credit/loan guarantee schemes and macroprudential measures to offset economic and financial effects.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"Why does the statement stress coordination and careful timing of policy reversals?",{"text":78,"@type":74},"It argues that policies must be coordinated between economic, fiscal, and macroprudential tools, using balanced timing and phasing to reverse support measures. Early withdrawal may reduce needed credit volumes, while delaying stimulus can increase systemic risks across the financial sector.",{"name":80,"@type":71,"acceptedAnswer":81},"How does the statement connect fintech and innovation to post-crisis recovery?",{"text":82,"@type":74},"It says the crisis revealed the importance of fintech and innovation in financial services. Policymakers are encouraged to strengthen digital infrastructure, promote digital transformation, and create development and investment opportunities in financial technologies so fintech can sustain operations when venture capital funding is constrained.","https://schema.org",{"og:url":51,"og:type":85,"og:title":13,"og:site_name":57,"og:description":14},"article",{"robots":87,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":90},[91,95,99,103,108,113,118,121,126,129,132],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":92,"show_sort_weight":93,"slug":94},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":96,"show_sort_weight":97,"slug":98},"Literature",80,"literature",{"id":21,"doc_module":4,"doc_module_name":45,"category_name":100,"show_sort_weight":101,"slug":102},"Exam",70,"exam",{"id":104,"doc_module":4,"doc_module_name":45,"category_name":105,"show_sort_weight":106,"slug":107},5,"Comic",60,"comic",{"id":109,"doc_module":4,"doc_module_name":45,"category_name":110,"show_sort_weight":111,"slug":112},6,"Technology",50,"technology",{"id":114,"doc_module":4,"doc_module_name":45,"category_name":115,"show_sort_weight":116,"slug":117},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":119,"slug":120},30,"research-report",{"id":122,"doc_module":4,"doc_module_name":45,"category_name":123,"show_sort_weight":124,"slug":125},9,"Religion & Spirituality",20,"religion-spirituality",{"id":124,"doc_module":4,"doc_module_name":45,"category_name":127,"show_sort_weight":124,"slug":128},"World Cup","world-cup",{"id":28,"doc_module":4,"doc_module_name":45,"category_name":130,"show_sort_weight":28,"slug":131},"Lifestyle","lifestyle",{"id":133,"doc_module":4,"doc_module_name":45,"category_name":134,"show_sort_weight":104,"slug":135},19,"General","general"]