IDB and ASEAN Launch Strategic Partnership

Jeddah, October 03, SPA -- A Memorandum of Understanding (MoU)
between the Islamic Development Bank and the Association of Southeast
Asian Nations (ASEAN) was signed recently outlining the framework of
partnership between the two institutions for the promotion of
economic and social development and alleviation of poverty in their
common constituencies.

The MoU specifies that cooperation between the institutions includes
capacity building in the areas of Health, Education, Halal Food
Supply and Agriculture; investment promotion and economic
cooperation.

ASEAN Secretary-General Dr. Surin Pitsuwan and IDB President Dr.
Ahmad Mohamed Ali signed the MoU at IDB Group headquarters in Jeddah
after discussing the bilateral relations between ASEAN and IDB in
order to finalize the areas of cooperation.

Dr. Pitsuwan expressed his enthusiasm with working alongside IDB to
strengthen one another and emphasized the mutual benefit that will
materialize from partnering.

“ASEAN can be one of the vehicles IDB can use to implement its 1440H
vision, " said Dr. Pitsuwan.

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