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Financial Outlook of the OIC Member Countries 2017

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4.1.2

CAPITAL FLOWS

Attracting capital flows at competitive rates is one of the major common challenges faced in

many OIC Member States. In this regard, COMCEC will support to ease the capital flows within

the member countries through contributing the removal of institutional and regulatory

barriers and developing relevant platforms. The Strategy envisages the following expected

outcomes:

Enhanced access to capital at competitive rates,

Diversified portfolios,

Increased investment opportunities.

4.1.3

VISIBILITY OF FINANCIAL MARKETS

Financial visibility is an important criteria for attracting more FDI and capital flows as well as

the deepening of the markets. In this regard, COMCEC will help to enhance the visibility of

financial markets in the member countries. As for the Visibility of Financial Markets, the

expected outcomes introduced by the Strategy are as follows:

Enhanced awareness on Islamic financial markets,

Increased issuance and listing of securities,

Attracted foreign investment.

4.1.4

TRAINING, R&D ACTIVITIES AND STATISTICS

The lack of sound statistical capacity as well as the lack of diversified products mainly because

of the limited R&D activities are main challenges for the OIC Member States. In this framework,

COMCEC attaches great importance to training and R&D activities to improve human capital in

its member countries for a sustainable economic growth. COMCEC also assists the OIC Member

States in monitoring their financial markets and financial institutions to ensure their efficiency

and stability. The expected outcomes of the Strategy concerning this Output Area are:

Enhanced diversification and variety of financial products,

Developed platforms for payment and settlement systems and post trade services,

Developed human resources and increased financial literacy,

Reliable and consistent financial system database and creation of indicators of

financially sound systems,

Enhanced monitoring of financial institutions and markets.