The Arab Fund for Financial and Social Improvement (AFESD) confirmed its dedication to enhancing collaboration with the Worldwide Financial Fund (IMF) in areas the place synthetic intelligence (AI) can drive complete financial progress throughout member states.
This announcement adopted a go to to Kuwait by the IMF delegation led by Kristalina Georgieva, throughout which the group met with AFESD Managing Director and Board Chairman Fawzi Al-Hanaif, the manager management, and key division heads.
Through the go to, bilateral discussions and a dialogue session explored methods for leveraging AI and different technological improvements to stimulate financial growth within the Arab area.
Al-Hanaif highlighted the importance of the go to, noting that it comes at a pivotal second as AI more and more shapes the worldwide financial panorama.
He emphasised that the Arab Fund goals to harness this technological revolution to spice up progress, create a roadmap for a regional economic system powered by AI, and promote integration and sustainable growth.
He added that these efforts underscore the Arab Fund’s important position as a number one regional establishment, dedicated to fostering innovation and addressing essential growth challenges.
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