Directory of Economic, Commodity and Development Organizations - table of contents

ARAB TRADE FINANCING PROGRAM (ATFP) 


        
HEADQUARTERS

        

P.O. Box 26799                                               Telephone:   [971](2)631-6999
Abu Dhabi                                                    Facsimile:   [971](2)631-6793/6299
United Arab Emirates                                         Telex:       24166 ATFP
                                                             E-mail:      finadmin@atfp.org.ae
                                                                          atfp_fin@yahoo.com
                                                             Internet:    www.atfp.org.ae


     Chief Executive and Chairman of the Board:          ...  Jassim AL MANNAI
     Director, Finance and Administration Dept.:         ...  Aziz F. JABARA
     Director, Development and
       Trade Promotion Dept.:                            ...  Sherif Abdel KHALEK
     Acting Director, Trade Finance Operations Div.:     ...  Hazim AL DALLI
     




        
LANGUAGE: Arabic

        
ESTABLISHMENT AND FUNCTIONS

        
The Arab Trade Financing Program (ATFP) is a
        specialized financial institution, established in
        accordance with Resolution No. 4/1989 by the Board of
        Governors of the Arab Monetary Fund (AMF) on March 16,
        1989. The objective is to develop and promote trade among
        Arab countries and enhance the competitive ability of
        Arab exporters. This is achieved by providing refinancing
        in the form of lines of credit, to Arab exporters and
        importers, through National Agencies designated by
        monetary authorities of Arab countries (19 countries have
        already named 133 agencies). Refinancing includes
        pre-export, export and import, as well as buyer credits.
        Eligible goods are those with value added of at least 40%
        originating from primary resources and/or other domestic
        production factors of an Arab country.  

        

        
Resources as at December 31, 2002 in US$(million)
        
        Authorized capital                     500,000
        Paid-in capital                        488,380
        Reserves and retained earnings         233,882

        
        
The 44 shareholders are categorized into three
        groups of institutions: (1) Arab Monetary Fund,
        multilateral Arab financing institutions, and Arab public
        financial and banking institutions; (2) Private Arab
        financial and banking institutions; and (3) International
        and joint Arab/foreign financial institutions. 

                  
                
Trade Finance Activity 

        
ATFP financing activities US$ (million) 

        

                            1991-2001           2002              Total
Approved                      2,379              494               2,873
Disbursed                     1,904              500               2,404


        
Almost all Arab countries benefited from the financing activities during the period 1991-2002.

        
        
Other Trade Services

        
In its endeavor to enhance the competitive ability
        of the Arab exporters, ATFP provides additional services
        through the Inter Arab Trade Information Network (IATIN) which provides information
        relating to Arab Trade as well as Arab Trade Opportunities and also through
        organizing Buyers-Sellers meetings on Arab goods. 

        
        
STRUCTURE

        
The General Assembly is the
        highest authority. The Board of Directors
        consists of eight directors elected by the General
        Assembly for a three-year renewable term under the
        chairmanship of the Director General and Chairman of the
        Board of the Arab Monetary Fund. The Board of Directors
        is responsible for formulating ATFP's policy and internal
        by-laws, as well as supervising its operations. The Chief Executive and Chairman of the
        Board is responsible for ATFP's management and
        the conduct of its daily affairs. 

        
GENERAL PUBLICATIONS

        
Articles of Association (Arabic and
        English); The Protocol of Immunities and
        Privileges signed with the UAE (Arabic); Annual
        Report (Arabic and English); Lines
        of Credit Rules and Procedures (Arabic); ATFP
        General Features -- Objectives and Activities
        (Arabic); IATIN quarterly bulletin
        (Arabic) 

        
UPDATED:  April 30, 2003

        
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        Economic, Commodity and Development Organizations - table
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