finance and sustainability agenda. the isdb's strategic realignment 2023 - 2025, specifically on " driving green economic growth ", aligns well with our value - based intermediation framework and is empowered further by our national economic masterplans, the national energy transition roadmap ( netr ). we would also like to welcome greater engagement from multilateral development banks such as the isdb to participate in providing financing and critical expertise in the area of sustainable development in malaysia, particularly in green finance and sustainability. on that note, i am pleased to share that bnm is now providing regulatory flexibility for multilateral development banks to issue ringgitdenominated sukuk and to provide ringgit financing to resident entities in malaysia without the need for prior approval from bnm. these foreign exchange policy flexibilities, as a package, are expected to reduce the concern of foreign exchange mismatch for both the lender and the borrower. 2 / 4 bis - central bankers'speeches second, innovation and conducive market access at the core of partnership. through innovative pilot projects such as a blended financing programme tailored for halal market players, our partnership could further capitalise on emerging global opportunities and evolving market needs. potential collaborations could open the doors for competitive cross - border halal businesses in the oic market. at the same time, it provides opportunities for cross - border trade facilitation for islamic banks across jurisdictions, supported by diverse shariah contracts available to cater for niche funding needs. the opportunities are bountiful. of equal importance, conducive market access should also be pursued to enable better investment flows and economic integration. this could be made possible by proactively addressing cross - border barriers and harmonisation of practices, aiming to drive sustainable development in malaysia and the broader islamic world. third, capacity building to future - proof talents in islamic finance. investment in human capital development is a pivotal strategy for fostering long - term growth in islamic finance. in malaysia, we have a robust capacity - building ecosystem such as professional qualification and certification programmes – to name a few ; we have the chartered professional in islamic finance ( cpif ), certified shariah advisor ( csa ) and certified shariah practitioner ( csp ). even for financial markets, part of the modules for the financial market certification, essentially the license to become a money market dealer, includes an islamic money market module. while some of these cater to the

to appreciate the struggles of the discontented. and, for the discontented to not lose sight of the potential that globalisation holds. and for all of us, to remember – that 75 years after bretton woods – the creation of a safe, fair and mutually beneficial global system is still not an easy pursuit. it is, nonetheless, a necessary one. once again, i would like to welcome everyone to sasana kijang. the world bank, a product of 3 / 4 bis central bankers'speeches bretton woods, along with the imf and wto, has brought to malaysia an amazing gathering of thought leaders and experts on globalisation from all over the world. the next two days will indeed be a fine example of globalisation in action. let me end with a passage from john maynard keynes which i think is appropriate for the occasion. “ yet the new economic modes toward which we are blundering are, in essence of their nature, experiments. we have no clear idea laid up in our minds beforehand of exactly what we want. we shall discover it as we move along and we shall have to mould our material in accordance with our experience. now for this process bold, free and remorseless criticism is a sine qua non of ultimate success. we need the collaboration of all the bright spirits of the age. ” 4 / 4 bis central bankers'speeches