By Yousef Al-Saeedi
JEDDAH, June 29 (KUNA) -- Kuwait Finance Ministry Undersecretary Khalifa Hamada affirmed Wednesday the role played by the Islamic Development Bank (IDB) group in the development of economic and trade cooperation between the memeber states.
Hamada told Kuwait News Agency (KUNA) during his leadership to the Kuwaiti delegation participating in the 36th annual meeting of the Board of Governors of the IDB held here, that the group includes several financial associations specialized in investments which support the private sector as well as combats poverty.
The institutions enrolled under the IDB group includes: International Islamic Trade Finance Corporation (ITFC), the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), and the Islamic Corporation for the Development of the Private Sector (ICD).
Hamada added that the meeting inludes the participation of Finance Ministers of 56 member states in addition to representatives of national and international financial institutions.
He said the meeting will dicuss annual statments of the IDB and group, as well as other activities of the IDB Group entities.
Hamada affirmed the meeting will set a date for the official next 37th annual meeting.
He also said that other activities will be held on the sidelines of the annual meeting.
The Kuwaiti delegation includes from the Ministry of Finance, the Assistant Undersecretary for Economic Affairs Sami Al-Saqoubi, the Undersecretary's office head Adel Al-Asousi as well as officials from the Kuwait Investment Authority.(end) yms.mao KUNA 291250 Jun 11NNNN