African Monetary Fund

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[African Monetary Fund]
Map of the African Union.svg
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

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External links


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