Enhancing intra-trade in OIC member countries through T-SDRs
Joint Authors
Abd al-Kafi, Rami
Nabi, Mahmud Sami
Drine, Imad
al-Suwaylim, Sami Bin Ibrahim
Source
Islamic Research and Training Institute
Issue
Vol. 2014, Issue 1-2, 7-11, 13-20 (31 Dec. 2014)19 p.
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
2014-12-31
Country of Publication
Saudi Arabia
No. of Pages
19
Main Subjects
Abstract EN
The OIC intra-trade reached 17% in 2012 and the member countries have committed to increase it to 20% by 2015.
The 5th OIC Consultative Group Meeting on enhancing OIC intra-trade recommended the establishment of Trade Finance Support Schemes, as one of the driving factors, to accelerate the dynamic of the OIC intra-trade.
Meanwhile, the United Nations World Economic and Social Survey (2012) considered that issuing new SDRs constitutes one of the solutions for the international community to mobilize additional resources for Development Finance.
In this paper, we suggest the creation of Trade-based Special Drawing Rights (T-SDRs) among the OIC member countries to be issued by a dedicated regional financial institution on a regular frequency and according to a special mechanism.
We discuss the allocation mechanism and its practical implementation among which the option to assign the role of issuance and clearing house to the Islamic Development Bank
American Psychological Association (APA)
Nabi, Mahmud Sami& Abd al-Kafi, Rami& Drine, Imad& al-Suwaylim, Sami Bin Ibrahim. 2014. Enhancing intra-trade in OIC member countries through T-SDRs. Islamic Research and Training Institute،Vol. 2014, no. 1-2, 7-11, 13-20.
https://search.emarefa.net/detail/BIM-905043
Modern Language Association (MLA)
Nabi, Mahmud Sami…[et al.]. Enhancing intra-trade in OIC member countries through T-SDRs. Islamic Research and Training Institute No. 1-2, 7-11, 13-20 (2014).
https://search.emarefa.net/detail/BIM-905043
American Medical Association (AMA)
Nabi, Mahmud Sami& Abd al-Kafi, Rami& Drine, Imad& al-Suwaylim, Sami Bin Ibrahim. Enhancing intra-trade in OIC member countries through T-SDRs. Islamic Research and Training Institute. 2014. Vol. 2014, no. 1-2, 7-11, 13-20.
https://search.emarefa.net/detail/BIM-905043
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references.
Record ID
BIM-905043