Doha, January 27 (QNA) - Qatar Development Bank (QDB) on Wednesday took part in the international conference on Development Financing Institutions, held virtually under the theme "Enabling Technology for Sustainable Development" with the participation of financial institutions from Asian and the Pacific.

The conference discussed issues of development, the role of technology in addressing the economic and social consequences of the coronavirus (COVID-19) pandemic, and ways to move forward in the process of development and growth.

The conference was held under the supervision of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), the Association of Development Finance Institutions of Malaysia (ADFIM), and the Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (ADFIMI).

The conference aimed at discussing ways of joint action between international development institutions, exchanging experiences and benefiting from the successes of the participating members, in a bid to address the consequences of the coronavirus pandemic and overcome the its related challenges that hindered the development process in many countries around the world.

Qatar Development Bank received an invitation to participate in the conference as one of the most prominent development financial institutions in Asia and the world, which was able to transform the pandemic challenge into an opportunity to accelerate the digital transformation strategy, the latest of which was the launch of the digital platform "NUMU", along with many other digital solutions in all fields that benefited the Banks customers in the midst of the pandemic. QDB oversees the first business environment in West Asia and North Africa, and the third at the global level according to the Global Entrepreneurship Monitor in 2019.

Among the speakers at the conference were Deputy Minister of Science, Technology and Innovation of Malaysia Haji Amzad bin Mohamed, CEO of the Malaysian Technology Development Corporation Dato Norhalim Yunus, and Director of Customer Experience Department at Qatar Development Bank Amna Ahmed Al Mazrouei.

Brining together more than 1500 participants from 23 countries, the conference touched on several economic topics including digital and technological transformation and its expected prospects to contribute to a new economic renaissance around the world, and the role of financial development institutions in enabling technology to support the sustainable development goals. It focused on the necessity of a comprehensive approach when talking about economic development in a way that includes development in all sectors, including education, health, social development and increasing job opportunities, while addressing issues of climate change and environmental protection. (QNA)