The IDB And South America

Author:Mr Fábio Figueira
Profession:Veirano e Advogados Associados
 
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The IDB is actively involved in two South American countries: Suriname and Guyana. South America is composed of countries which are former Spanish colonies, except for Brazil, a former Portuguese colony. Until the 1960s, there were the so-called three Guyanas: the British Guyana (currently Guyana), the Dutch Guyana (currently Suriname) and the French Guyana (which is still a French département). Suriname has about 600,000 inhabitants and its Muslim population is approximately 14%. The population of Guyana is approximately 800,000 and among them 7% are Muslims. The IDB in its eff orts to have a significant presence in all continents is evaluating the possibility of opening a regional headquarters in Suriname at a later date. Suriname is making an eff ort to include itself in the Islamic economy and Trustbank Amanah will be adapting itself for such an inclusion. Guyana has applied for a US$20 million financing from the IDB, which has since been approved, to fund the upgrading project of Guyana Power and Light. The IDB also has a presence in other countries in South America like Venezuela, Argentina and Brazil in projects related to education. Islamic school projects are fast expanding in the city of Sao Paulo and the city of Florianopolis in the state...

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