In 2003, Standard Chartered obtained a full banking license and has since embarked on a very positive journey that today places the South African business as the first international bank focused on the world bank. An engraved logo of the Islamic Development Bank Group can be seen on May 31, 2018 at the door of the bank in Jeddah, Saudi Arabia. Image taken on May 31, 2018. The dialogue focused on the need for deep public-private cooperation – which is currently focusing on managing the COVID-19 pandemic – and the country`s economic recovery. Indonesia is currently experiencing its first recession in 22 years and, like many nations, is in the midst of a fight against the pandemic; The country has surpassed half a million confirmed cases of the disease this week. By cooperating with Standard Chartered Bank, IsDB wants to help alleviate some of these burdens by providing blended finance lines to local banks at competitive prices. The Islamic Development Bank (IsDB) is a multilateral development bank (MDB) with 57 member countries on four continents, affecting the lives of 1 in 5 of the world`s population. At the virtual meeting, Khan outlined the Pakistani government`s political priorities, including regional connectivity projects such as the China-Pakistan Economic Corridor (CPEC) and progress in talks to improve trade flows between Afghanistan and Pakistan after his visit to the Afghan capital last week. Khan also answered questions from leaders on promoting a digital economy in Pakistan and improving framework conditions for long-term investors.
This agreement uses IsDB`s $2 billion “COVID Guarantee Facility” to establish an operational framework for cooperation for IsDB and SCB to facilitate financing agreements for IsDB member countries. Standard Chartered South Africa implements a targeted network strategy that offers business clients support for cross-border capital, investment opportunities, support for expansion into new markets and facilitation of strategic partnerships. Using our unique presence and international banking expertise in Africa, Asia and the Middle East, Standard Chartered offers unprecedented support to South African companies and multinationals. – Promoting global and regional cooperation (29 January) Both agree that these “out of the box” partnerships between MDBs and the private sector are now necessary to meet the challenges of our time. Mr. Sunil Kaushal thanked IsDB for the development of the partnership between the two institutions and noted that IsDB was the first bank to sign such an agreement with SCB. He also expressed his strong commitment to helping IsDB member countries fight COVID-19. Standard Chartered Bank (SCB) is a leading international banking group with a presence in 60 of the world`s most dynamic markets and serves clients in 85 others. SCB`s goal is to promote trade and prosperity through its unique diversity and heritage. and the values are expressed in the fact that there is a brand promise “Here forever”. – Improving the management of our global commons (27 January) – promoting responsible transformation and growth in the sector (26 January). .