$84 billion alone were direct payments from Saudi Arabia, Kuwait and the Gulf Emirates, to the United States, Britain and France, regarding military expenses.

[8] In March 2014, Abdulrahman bin Abdullah al Hamidy, former head of Saudi Arabia's central bank, was appointed director general and chairman of the board of the Arab Monetary Fund.

[9] In April 2015, the World Bank Group and the Arab Monetary Fund signed a partnership for enhanced cooperation in the MENA region.

[10] In May 2016, the Arab Monetary Fund called for central banks increase their commitments to Islamic finance, pressing them to use Sharia-compliant tools to manage their short-term financial obligations.

Dr. Fahad M. Alturki, former Vice-President of the King Abdullah Petroleum Studies and Research Center (KAPSARC), was appointed director general and chairman of the board of the Arab Monetary Fund.

The Board of Governors (General Assembly) are the highest authority responsible for formulating policies on Arab economic integration and liberalization of trade amongst residing member states.