Dr. Abdel Rahman El-Tayeb Taha, the Chief Executive
Officer of ICIEC and Ms. Sinthya Roesly, Chief Executive Officer of
IIGF signed the MOU. The MOU aims at establishing – consistent with
their respective operational policies – a lasting relationship between
the two entities in furtherance of their desire to co-ordinate their
activities and seek mutual cooperation in promoting infrastructure
investments into Indonesia. The ICIEC is 67 per cent-owned by the
Islamic Development Bank. (source)
Dr. Taha said, “The signing of the 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 to investment projects. The two institutions will jointly work towards increasing awareness about the importance of political risk insurance for foreign investors and financiers of projects. I am confident that signing this MOU with IIGF will greatly enhance both parties’ ability to support foreign direct investments into Indonesia”
IIGF, is a fully government-owned institution established by the Government of Indonesia as a fiscal tool mandated to provide guarantees to mitigate the private sector exposure to government-related contractual risks in infrastructure Public Private Partnership (PPP) projects. The GoI has set up the IIGF to address the need for fiscal support to accelerate Indonesia’s infrastructure development, particularly under PPP scheme.
Source: http://www.cpifinancial.net/news/post/13767/iciec-and-iigf-sign-an-mou-to-support-investors-in-indonesia - April 30, 2012
Dr. Taha said, “The signing of the 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 to investment projects. The two institutions will jointly work towards increasing awareness about the importance of political risk insurance for foreign investors and financiers of projects. I am confident that signing this MOU with IIGF will greatly enhance both parties’ ability to support foreign direct investments into Indonesia”
IIGF, is a fully government-owned institution established by the Government of Indonesia as a fiscal tool mandated to provide guarantees to mitigate the private sector exposure to government-related contractual risks in infrastructure Public Private Partnership (PPP) projects. The GoI has set up the IIGF to address the need for fiscal support to accelerate Indonesia’s infrastructure development, particularly under PPP scheme.
Source: http://www.cpifinancial.net/news/post/13767/iciec-and-iigf-sign-an-mou-to-support-investors-in-indonesia - April 30, 2012
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