IslamicFinance.de

Ahmad Mohamed Ali, president of the Islamic Development Bank Group (IDB) was invited for the first time to approach the influential 84th Development Committee meeting of the World Bank as an observer. This was an important airing at the 2011 annual meetings of the World Bank Group/International Monetary Fund (IMF).
But it seems that Ali didn't take advantge to put the case for the role of Islamic finance in promoting economic growth and contributing to financial stability.
He instead advocated that IDB member countries need to assist domestic and regional markets through a coordinated intra-investment and intra-trade agenda that distribute production of goods and services among countries based on comparative advantage; and to improve human development and critical infrastructure to produce incentives for effective private sector growth that create jobs.