Published On: Mon, Dec 16th, 2013

Suriname to participate in Islamic Bank high level regional forum

SurinameKUALA LUMPUR, Malaysia -- Suriname will participate in a high level regional forum of the Islamic Development Bank (IsDB) in Kuala Lumpur, Malaysia from Monday to Wednesday in an effort by the IsDB to establish open consultation and assessment with strategic stakeholders of its activities during the past 40 years and to formulate the future 10-year strategy

Governor Gillmore Hoefdraad of the Central Bank of Suriname will be in Malaysia to participate in the meeting.

The high level forum will be attended by ministers and other senior officials from regional member countries such as Malaysia, Indonesia, Brunei, Bangladesh, and the Maldives. Leaders from other sectors will also participate in the forum to seek new ideas of economic cooperation among IsDB economies and their global partners and how best to engage with the growing Asian economies.

Suriname joined the Islamic Bank in 1997, and is grouped with the Asian bloc of the IsDB.

The finance minister of Malaysia will inaugurate the forum.

The IsDB Group will also explore in Malaysia its role as a major catalyst in the development of the Islamic financial sector, especially in the Asian region, which is emerging as a game changer in the global financial system.

As the IsDB celebrates its 40 years of service and development this year, similar forums are being organized in Almaty (Kazakhstan), Dakar (Senegal), and Jeddah (Saudi Arabia).

These various workshops and roundtable meetings, according to the IsDB, “will help formulate the views of the IsDB governors, ministers and other special invitees from the public and private sectors, development partners, think tanks and civil society.”

“These deliberations will facilitate the IsDB group to carry out a candid assessment of its 40 years of performance and the effectiveness of its operations. They will also assist the group with addressing future challenges and regional and global priorities with a view to preparing the next 10 years’ strategy and updating the IsDB vision.”

By Ray Chickrie

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