Al-Assaf represents Saudi Arabia at Arab Joint Financial Bodies session

Amman, April 15, SPA -- 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.

--SPA