Q: What was the rationale behind the Arab Monetary Fund (AMF) launching Buna in February 2020? What issues is the payment platform trying to solve?
A: The rationale originated from the Council of Arab Central Banks and Monetary Authorities Governors, which recognised the importance of an efficient payment system in supporting economic growth and development. Therefore, Buna’s overarching objective is to further empower the Arab economies and increase integration between them.
