Bangladesh Bank signs MoU with ICIEC

Staff Correspondent: Bangladesh Bank (BB) has signed a memorandum of understanding (MoU) with The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) with the objective of formalizing relationship and establishing a basis for communication and exchange of information between the two entities.

The MoU signing ceremony was arranged by Foreign Exchange Policy Department (FEPD) of Bangladesh Bank and took place at the BB head office, Dhaka on Wednesday.

Senior Bangladesh Bank Officials and high officials from ICIEC, Islamic Development Bank Group (IDBG), Ministry of Finance (MoF) and Bangladesh Investment Development Authority (BIDA) have attended in the ceremony.

The MoU was signed on behalf of Bangladesh Bank by Mr. Ahmed Jamal, Executive Director, Bangladesh Bank and, on behalf of the ICIEC, Mr. Oussama A. Kaissi, Chief Executive Officer (CEO), ICIEC.

Commenting on the MoU, BB's Governor, Mr. Fazle Kabir said the MoU will take the relationship between two entities to a new standard that will ensure benefits for both parties. Deputy Governors of BB Mr. S.K. Sur Chowdhury and Mr. S.M. Moniruzzaman also attended and addressed the event. Mr. Oussama A. Kaissi said "The signing of this MoU comes within the framework of ICIEC's mandate to support the development of its member countries by providing export credit and political risk insurance for investment projects".



risingbd/Dhaka/Nov 8, 2017/Nasim