Hajjar: Bank shall continue to leverage its global and regional presence

President of the Islamic Development Bank (IsDB) Group, Dr. Bandar Hajjar, says the Bank shall continue to leverage its global and regional presence, extensive client base, and wide range of products and services to support Southeastern Europe’s position as an important international economic corridor between the East and West for trade and investment.

Dr. Bandar Hajjar made the remarks during his speech at the opening ceremony of the 8th Sarajevo Business Forum (SBF) 2017, 22-23 May.

Praising the Sarajevo Business Forum as the most prestigious investment forum in the countries of South Eastern Europe region, the IsDB Group President appreciated the great efforts of Bosnia and Herzegovina to develop and modernize business-friendly legislative frameworks, thus helping to attract foreign investment, integrate into the European economy and achieve the desired economic progress. 

Touching upon the major achievements pulled off by the IsDB Group, Dr. Bandar Hajjar said: “We take pride in furthering investment among our 57 member countries. Our members can take advantage of investment guarantees and political risk insurance that reduce uncertainties for investors.”

“Since its inception 42 years ago, IsDB has backed its members with more than US $120 billion in financing while having contributed more than US $650 million to development projects in South Eastern Europe, namely in; Albania, Croatia, Serbia, Slovenia, Macedonia, Montenegro, and Bosnia,”, Dr. Bandar Hajjar added.