The Islamic Development Bank (IDB) Group will host, on the 3rd of March 2009, the IDB-Indonesia Client Day Dialogue on the sidelines of the 5th World Islamic Economic Forum (WIEF) which will take place in Jakarta from 1-4 March 2009.
The IDB President and the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) will address the business meeting to emphasize the various IDB Group's programs and financial products aimed at developing the private sector in member countries.
Mr Khaled Al Aboodi, Chief Executive Officer of ICD, a private sector arm of IDB, will speak on the IDB Group and the Indonesia: Private Sector Partnership. ICD’s key mission for this event is to forge strategic partnership and increase its financing opportunities to Indonesian private sector and financial institutions. The event also aims to have a closer interaction between senior management of IDB Group and key Indonesian institutions and ultimately to promote Indonesian private sector to other IDB Member Countries.
The IDB Group delegation will also participate in the WIEF functions under the chairmanship of H.E. Dr. Ahmad Mohamed Ali, IDB Group President. The President of IDB Group will participate in a panel discussion on Innovative Solutions to Global Challenges.
The WIEF which will focus on the current food security, energy and the current financial crisis, will be attended by world leaders, CEOs of multinational companies, regional and international economic and development institutions.
The IDB and WIEF signed an MOU on 23 September 2007 in Jeddah to facilitate collaboration and cooperation between the parties in area ,among others, the discussion and debate on development issues aimed at better understanding of global economic challenges and promotion of strategic alliances and partnerships and the promotion of economic growth through increased intra trade and intra investment. The integration of the Muslim world economies among themselves and with the rest of the world is the twinning of IDB-WIEF strategic value proposition for the benefit of the global economy.
The World Islamic Economic Forum (WIEF), which was established in 2005, is a platform designed to become the prominent World Forum on Muslim Leadership and Islamic Business and Trade. WIFE also aims to create a better Muslim world through solid economic cooperation and business partnerships.
The Islamic Development Bank Group, is a multilateral development financing institution, based in Jeddah, Saudi Arabia, established to foster social and economic development of it's member countries and Muslim communities world-wide.