ADFIMI’s 27th General Assembly Reviews Past Performance and Future Plans

On the sidelines of the 36th Annual Meeting of the Islamic Development Bank, the Association of National Development Finance Institutions in Member Countries of the Islamic Development (ADFIMI) reviewed its performance and charted out future plans as part of its 27th General Assembly.
The event which was presided by Mehmet Emin Ozcan, Chairman, ADFIMI, primarily honored the memory of the late Dr. Selim Cafer Karatas, a renowned scholar and an honorary member of the ADFIMI and Executive Director of IDB representing Turkey who served the Muslim world for 33 years.
A report by the secretary general, Mr. Nouri Birtek on ADFIMI’s performance since the 26th G.A. as well as its future plans was then presented to the participants at the event.
Approving the minutes of the 26th G.A meeting, the participants also granted honorary membership to HE Mr. Ali Babacan, Deputy Prime Minister of Turkey for his masterful conduct of the country’s economy during the past 8 years particularly during the global financial economic crisis, turning Turkey into a global icon of rapid economic growth. Mr.Hossam Nasser, Vice Chairman of Egypt’s Industrial Development and Workers Bank was also granted the body’s honorary membership.
ADFIMI’s Honorary membership was awarded last year to, IDB Group President Dr. Ahmad Mohamed Ali and former Malaysian Prime Minister, H.E. Tun Mahatir Mohammed who were praised for their long standing services. ADFIMI was established following the 11th IDB Board of Governors Meeting, (Amman, March 1986) and started operation in September 1987 at its headquarters in Istanbul, Turkey, as an international organization. The rationale behind setting up ADFIMI was the experience gained from multilateral agencies and regional associations for banking on collective wisdom.