KUALA LUMPUR, September 6, 2016—The World Bank Group Global Knowledge and Research Hub in Malaysia conducted today a Business and Financing Session Workshop for Malaysian companies and financial institutions. The workshop focused on how private Malaysian firms can work with the World Bank through the Bank’s financing development for projects in developing countries, and on the products and advisory services offered by the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).
The Workshop was held in collaboration with the Performance Management and Delivery Unit (PEMANDU) and was supported by the Malaysia External Trade Development Corporation (MATRADE), the Construction Industry Development Board Malaysia (CIDB), and the Malaysia Digital Economy Corporation (MDEC).
The World Bank Group encourages the private sector in Malaysia to play a major role in supporting development activities and investment opportunities in developing countries globally. The World Bank Group supports more than 12,000 projects across broad sectors spanning over 170 countries.
Dato' Sri Idris Jala, PEMANDU Chief Executive Officer, lauded the collaborative effort between the World Bank Group and PEMANDU in organizing the workshop.
"This workshop encouraged greater participation of Malaysian companies and financial institutions in projects financed by the World Bank in other countries. Malaysia has achieved sustainable investment and socio-economic growth over the last six years without compromising on fiscal discipline. The collaborative catalyzing efforts of both the private and public sector under the National Transformation Program has clearly provided evidence of this. I have no doubt that Malaysian companies have the experience in sharing industry best practices and service delivery with other developing countries around the world. This workshop opened opportunities for these companies to compete and excel,” said Jala.
Faris H. Hadad-Zervos, World Bank Group Global Knowledge and Research Hub in Malaysia Country Manager, welcomed the participants of the workshop.
"The World Bank Group provides opportunities for the private sector to participate in projects towards the development of countries throughout the world. The workshop is an opportunity for Malaysian companies and financial institutions to explore ways of bidding for World Bank-financed projects everywhere, of exploring joint investments in Malaysia and overseas, and of accessing other instruments such as investment guarantees," said Hadad-Zervos.