DHAKA, Sept 4, 2018 (BSS) – Islamic Development Bank (IDB) President Dr. Bandar M H Hajjar will visit Bangladesh from September 7 to 11 in connection with the opening of a ‘Regional Hub’ of the Jeddah-based multilateral development partner.
Prime Minister Sheikh Hasina is expected to inaugurate the regional head office of IDB at a function to be held at Hotel Radisson on September 9, said a press release of Economic Relations Division (ERD).
The Islamic multilateral development agency currently operates a field representative office in Bangladesh.
Establishment of the regional hub in Dhaka is expected to give a major push to the IDB activities in Bangladesh as well as help speed up its decision-making process.
At present, the Dhaka office needs to take final nod from its Jeddah headquarter for its activities in Bangladesh.
A regional hub manager will head the Dhaka headquarter which will cover three IDB member countries — Bangladesh, the Maldives and Afghanistan — as well as a number of non-member countries like India and Myanmar.
The IDB began its activities in 1975 and it has 56 shareholding member states.