D-8 Organisation and IDB to set a fruitful cooperation
Jeddah, Saudi Arabia | September 19, 2007 by
On September 12, 2007, after participating as the chairman at the meeting of D-8 Working Group on Civil Aviation in Isfahan, Iran, Secretary General Dr Dipo Alam left to Jeddah Saudi Arabia for a working visit to meet the President of Islamic Development Bank (IDB), Dr. Ahmad Mohamed Ali Al-Madani.
Secretary General Dr Dipo Alam with President of Islamic Development Bank (IDB), Dr. Ahmad Mohamed Ali Al-Madani
During the meeting, Dr Alam explained the progress of D-8 Organisation in economic cooperation and extended their expectation to cooperate with and to be supported by IDB, since the member states of D-8 are also members of OIC and representing almost 900 million people of muslims countries from Southeast of Asia (Indonesia and Malaysia) to South and Center Asia (Bangladesh, Pakistan and Iran), Europe (Turkey) and Africa (Egypt and Nigeria). Impressed by the sharp progress and programs of D-8 cooperation and intention to support D-8 programs and activities, the IDB President suggested that Secretary General discuss the details with his advisers and directors.
The further discussion took place on September 16, 2007 at the headquarter office of IDB, that resulted in a number of important outcomes. They include points such as that IDB will support the capacity building programs of the Secretariat and working groups, win-win cooperation on how to finance properly infrastructure projects, banking, Islamic finance, migrant workers and remittance links to the development of microfinance industries, and support efforts to homogenize D-8 member states’ progress in the same level of economic grouping.
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