World Bank to issue USD100 Million Bond in DIFC



Mr. James D Wolfensohn, President of The World Bank Group met a team from the Dubai International Financial Centre (DIFC) today in Dubai, comprising of Mr. Anis Al Jallaf, Chairman of the Board and Hussein Al Qemzi, COO.

Mr. Al Jallaf briefed Mr. Wolfensohn on this new initiative of His Highness Sheikh Mohammed bin Rashid Al Maktoum to position Dubai and the UAE as the regional gateway for capital and investment.

Mr. Wolfensohn welcomed the steps taken by His Highness and the DIFC and expressed an interest in being the first institution to issue a bond in the DIFC. The amount suggested by Mr. Wolfensohn was USD 100 million. He also expressed an interest in working with institutions in the DIFC to develop Islamic products for the World Bank.

Mr. Al Jallaf welcomed the interest of Mr. Wolfensohn and looked forward to close cooperation between the DIFC and the World Bank.

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