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Bahraini banker in key role in financing growth taskforce

MANAMA, April 10, 2015

A leading Bahraini banker has been invited to co-chair the financing growth taskforce of Business 20 (B20) headed by Turkey at the present time.

Al Baraka Banking Group (ABG) president and chief executive Adnan Ahmed Yousif, a former president of the Union of Arab Banks, said the B20 outreach group is an influential platform bringing together business leaders from G20 economies, and advocates for critical issues for enterprises, reported the Gulf Daily News (GDN), our sister publication.

“Each year, the B20s principal task is to facilitate exchanges between business communities from different countries and develop consensuses around critical issues for businesses and then presenting them to the G20.”

The B20 has been instrumental in providing links between global policymakers - including governments and relevant international institutions '“ and business communities around the world.

The first official business summit took place in Korean G20 presidency in 2010, and was convened during subsequent French, Mexican, Russian, and Australian G20 presidencies and recently Turkey.

Since the first business summit, the business community has presented more than 400 recommendations to G20 leaders.

Turkey is currently chairing the B20 since December last year, which consists of six taskforces - trade, infrastructure and investment, financing growth, employment, anti-corruption, SMEs and entrepreneurship.

The co-chair's roles and responsibilities are to provide suggestions to co-ordinating chairs on taskforce subjects, to contribute to taskforce meetings and discussions.

This includes comments, ideas, sharing knowledge and expertise gained and to help developing consensuses around these subjects and then presenting them to the B20 presidency.

The financing growth taskforce is one of the main taskforces of the B20, since it is critical for investment and necessary to fuel sustained global growth.

B20 Turkey will continue to concentrate on improving and strengthening the current global financial architecture. This will be specifically with respect to the governance of international finance institutions and the spillover effects of national policy decisions on other markets.

It is the first time that the B20 has invited an Arab banker to co-chair one of its six taskforces.

This invitation was based on Yousif's financial and banking position, where in addition to his role in the group, he currently chairs nine boards of ABG's units. - TradeArabia News Service




Tags: Bahraini | banker | taskforce |

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