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Brunei: BAB praises AMBD Financial Blueprint and pledges alignment to it
THE Brunei Association of Banks (BAB) has praised The Financial Sector Blueprint for Brunei created and published by Autoriti Monetari Brunei Darussalam (AMBD) recently.
The Financial Sector Blueprint (2016-2025) guides the development of Brunei Darussalam’s financial sector during the next decade and sets out the strategic framework within which Autoriti Monetari Brunei Darussalam will be working with other ministries and stakeholders to reach the objectives of Wawasan 2035.
Mubashar H Khokhar, Managing Director of BIBD and Chairman of BAB stated on behalf of BAB members, “It is indeed reassuring to witness a complete and thorough reflection of the vision for the financial sector of Brunei Darussalam as engendered by The Financial Sector Blueprint (2016-2025). The Brunei Association of Banks holds this initiative in great respect and is fully aligned to and supportive of its policy framework, initiatives and recommendations. This indeed provides a complete framework for the progress of the financial sector, and BAB and its members are committed to seeking guidance from it for the future”.
Specific initiatives taking shape at BAB to reinforce the banking sector’s alignment to the blueprint include creation of a BAB Business Forum, BAB’s participation in the Asean Banking Council, development of the SME sector, enabling and increasing financial literacy in the country and increasing public awareness on important issues, etc.
Source: http://borneobulletin.com.bn/bab-praises-ambd-financial-blueprint-pledges-alignment/