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The Implications of the New Corona Virus outbreak on the Banking and Financial Sector in the Arab Countries تداعيات انتشار فيروس كُورونا المُستجد على القطاع المصرفي والمالي في الدول العربية

Author

Listed:
  • El-Waleed Ahmed Talha

    (Economist, Arab Monetary Fund, Abu Dhabi, UAE)

Abstract

Commenting on the study by Belouafi, in which he dealt with the economic and social implications of the Corona virus from an Islamic perspective, this paper focuses mainly on the repercussions of the pandemic on the banking sector in Arab countries by addressing the direct and indirect impact. The paper also discusses the extent to which other economic sectors have been affected by the outbreak of the Coronavirus. On the other hand, this comment also mentions the efforts of the Arab Monetary Fund to support its member states in facing the outbreak of the pandemic through lending facilities supported by the Fund’s resources, supporting financial stability, and promoting the goal of financial inclusion. تعقيبًا على دراسة بلوافي التي تناول فيها التداعيات الاقتصادية والاجتماعية لفيروس كورونا من منظور إسلامي. تُرَكِّزُ هذه الورقة بدرجة رئيسة على تداعيات الجائحة على القطاع المصرفي في الدول العربية من خلال تناولها للأثر المباشر وغير المباشر، ومدى تأثر القطاعات الاقتصادية بتفشي فيروس كورونا. من ناحية أخرى، تطرقت المداخلة إلى جهود صندوق النقد العربي لدعم دوله الأعضاء في مواجهة تفشي الجائحة من خلال التسهيلات الإقراضية المدعومة بموارد الصندوق، ودعم الاستقرار المالي، وتعزيز هدف الشمول المالي.

Suggested Citation

  • El-Waleed Ahmed Talha, 2020. "The Implications of the New Corona Virus outbreak on the Banking and Financial Sector in the Arab Countries تداعيات انتشار فيروس كُورونا المُستجد على القطاع المصرفي والمالي في الدول العربية," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 33(3), pages 131-140, October.
    • Handle: RePEc:abd:kauiea:v:33:y:2020:i:3:no:7:p:131-140
    DOI: 10.4197/Islec.33-3.7
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    Keywords

    COVID-19; AMF; financial sector; financial stability; financial inclusion. كوفيد-19، صندوق النقد العربي، القطاع الملي، الاستقرار المالي، الشمول المالي.;
    All these keywords.

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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