In the interest of further developing the private sector in member countries, the Islamic Development Bank (IDB) Group hosted the IDB Group Private Sector Forum in collaboration with Indonesia Investment Coordinating Board (BKPM) and Indonesia Chamber of Commerce (KADIN) at the Jakarta Convention Center, on Tuesday.

The event was held in conjunction with IDB Group 41st annual general meeting (AGM) and was officiated by the CEOs of the Islamic Corporation for the Development of the Private Sector (ICD), the Islamic Corporation for Insurance of Investment and Export Credit (ICIEC), and the CEO of the International Islamic Trade Finance Corporation (ITFC) — Khaled Al-Aboodi, Oussama A. Kaissi and Hani Salem Sonbol, respectively.

The brainchild of IDB Group private sector entities, which include ICD, ICIEC, ITFC along with the IDB Group Business Forum (THIQAH) and Investment Promotion Technical Assistance Program (ITAP), the forum featured panel discussions, which deliberated on the activities, roles and support that have been carried out in member countries, with focus on Indonesia.

The panel also touched on issues related to Islamic trade financing, investment challenges and export credit insurance.

Al-Aboodi stated: "During this forum, we presented the second issue of ICD’s Annual Development Effectiveness Report (ADER), which highlights our roles in supporting the development goals of our member countries."