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NEWS UPDATES Asean Affairs    27 April  2016  

Indonesia, Turkey, IDB discuss Islamic infrastructure bank

Indonesia, Turkey and the Islamic Development Bank ( IDB ) eye to agree on the structure of their planned Islamic infrastructure bank within six months.

Finance Minister Bambang Brodjonegoro was in Washington DC representing Indonesia at the IMF-World Bank Spring Meetings from April 12 to 18. There he also held a tripartite meeting with IDB president Ahmad Mohamad Ali and the deputy prime minister of Turkey, Ali Babacan, on the establishment of the Islamic Mega Infrastructure Bank to be cofounded by the three parties.

The meeting discussed the bank’s structure and business scheme, said the Finance Ministry’s head of fiscal policy, Swahasil Nazara.

"It is not final yet, Indonesia, Turkey and the IDB will appoint senior officials to formulate the governance structure in more detail, the target is six months from now," he told reporters recently.

There was no word yet on the capital to be contributed by the founding countries, nor on the size of the bank, Swahasil said.

"[We will talk about] the governance structure first, then we will discuss how much money will be invested," he added.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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