PREFACE

The Standing Committee for Economic and Commercial Cooperation of the Organization of the

Islamic Cooperation (COMCEC) Financial Outlook is a contribution of the COMCEC

Coordination Office to enrich the discussions during the Financial Cooperation Working Group

Meetings being held twice a year. Financial Cooperation Working Group is established as part

of the implementation of the COMCEC Strategy. For developing a common approach,

approximating policies and to address and find solutions for the financial challenges of the OIC

Member Countries in financial cooperation, the COMCEC Strategy envisages Financial

Cooperation Working Group as one of the implementation instruments of the Strategy. In this

respect, Financial Cooperation Working Group Meetings aim to provide a regular platform for

the member countries’ experts to elaborate financial cooperation issues and share their best

practices and experiences.

COMCEC Financial Outlook 2017 is prepared by Mr. Cafer BIÇER and Mr. Cezmi ONAT to

present a general outlook of the financial system of the OIC Member Countries highlighting the

potential areas for cooperation as well as evaluating the recent developments in the global

economic and financial system.

Views and opinions expressed in the report are solely those of the authors and do not

represent the official views of the COMCEC Coordination Office or the Member States of the

Organization of Islamic Cooperation. The final version of the report is available at the COMCEC

website.* Excerpts from the report can be made as long as references are provided. All

intellectual and industrial property rights for the report belong to the COMCEC Coordination

Office. This report is for individual use and it shall not be used for commercial purposes.

Except for purposes of individual use, this report shall not be reproduced in any form or by any

means, electronic or mechanical, including printing, photocopying, CD recording, or by any

physical or electronic reproduction system, or translated and provided to the access of any

subscriber through electronic means for commercial purposes without the permission of the

COMCEC Coordination Office.