African Monetary Fund

African Monetary Fund

African Monetary Fund
Abbreviation AMF
Type Financial institution
Legal status Treaty
Headquarters Yaoundé, Cameroon
Region Africa
Membership 54 member states
Affiliations African Union

The Africa Monetary Fund will be an African Union financial institution, though in time its responsibilities will be transferred to the African Central Bank. This institution is one of the three financial institutions of the future African Union. It will be based in Yaoundé, Cameroon.[1]

Proposed shareholding

The bank envisages to have a paid up capital of $23 billion.[2]

References

  1. ^ "The Financial Institutions". African Union. Retrieved 28 July 2014. 
  2. ^ "Coming soon: $23b African Monetary Fund".  

External links

  • Draft Statute of the African Monetary Fund
  • AU discussions on African Monetary Fund