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IDB launches regional HQ in Bangladesh
Last Updated: 2018-09-10 09:38 | Xinhua
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The Islamic Development Bank (IDB) launched its new regional headquarters in Dhaka on Sunday to cover three regional member states -- Afghanistan, Bangladesh and the Maldives.

Bangladeshi Prime Minister Sheikh Hasina inaugurated the regional hub office that is also to cover a number of non-member countries like India and Myanmar in the region.

The Jeddah-based multilateral development bank currently operates a field representative office in Bangladesh.

IDB President Bandar MH Hajjar, who is in Bangladesh on a five-day visit, attended the opening ceremony.

Hailing the IDB's decision to open the regional office in Dhaka, Hasina said the new IDB hub will surely bolster its entire activities in the region.

Founded by the finance ministers at the first Organization of the Islamic Conference (now called the Organization of Islamic Cooperation) with the support of the king of Saudi Arabia in 1973, the bank began its operation in October 1975.

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