May 25 2011 |
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Dr. Yahya Alyahya Appointed to the G-20 High Level Panel on Infrastructure Investment
Dr. Yahya Alyahya, CEO of Gulf International Bank ( GIB ), has been appointed as a member in the Group of Twenty (G-20) High Level Panel on Infrastructure Investment (HLPII), which will prepare recommendations for scaling up and diversifying financing for infrastructure needs in the developing countries for further presentation to the next G-20 Summit.
The HLPII includes a number of high profile individuals with a diverse range of talents and expertise in the areas of private investment and infrastructure development in the developing countries.
Out of more than 40 candidates for this panel, Dr. Alyahya was selected along with 11 other individuals. In the past Dr. Alyahya served on the Board of The World Bank Group as Executive Director representing the Kingdom of Saudi Arabia from 1999 to 2006. He also served as an Advisor to the Governor of the Saudi Arabian Monetary Agency.
"The panel will take into account the limitations of risk bearing capacity of private and semi-public finance, lessons of successes and failures from the past and ongoing programmes, best practice, the importance of durability and whole life costing, and innovative ways to mitigate and intermediate risks to attract finance," he added.
The G-20 is committed to achieving a number of objectives: overcoming obstacles to infrastructure investments, developing project pipelines, improving capacity and facilitating increased finance for infrastructure investment in developing countries. The final outcome of the HLPII will be reported to the Finance Ministers meeting and to the Leaders of the G-20. The final report of the panel will be ready in November 2011.
The Group of Twenty Finance Ministers and Central Bank Governors was established in 1999 to bring together systemically important industrialised and developing economies to discuss key issues in the global economy.
GIB is a leading bank in the Middle East with its principal focus on the GCC states. Its primary shareholder is the Public Investment Fund of Saudi Arabia. The Bank provides client-led, innovative financial products and services to a wide customer base in the region, including investment banking, asset management, project and structured finance and Islamic banking.
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For further information, please contact Mr. Abdulla Naneesh, Corporate Communications, Kingdom of Bahrain. Tel +973 17 522680 Fax +973 17 522656.
© Press Release 2011
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Comments By Our Users (1)
I wonder when you publish news like that would it be more interesting for the readers to know more of the abckground of the leading character, such as what is his/her PhD , where he obtained the degree, where he worked and what is his contribution to the subject matters etc.
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