United States, April 22 -- The Inter-American Development Bank (IDB) and the Arab Monetary Fund (AMF) signed a memorandum of understanding to strengthen cooperation on strategic issues for financial development in Latin America, the Caribbean, and the Arab region.The agreement focuses on three flagship areas of collaboration:* Payment Systems: Deepening cooperation between AMF's Buna platform and IDB's payments work, including the FUSSE initiative, which currently works at the local level only. This includes joint technical assistance and knowledge exchange to promote more efficient, interoperable cross-border payment systems.* Climate Finance and Carbon Markets: Advancing shared research and technical work on carbon pricing, green taxonomi...