The Premier, the Hon. L. Craig Cannonier, JP, MP is in London this week to resume talks with Islamic Finance stakeholders at the Global Islamic Finance and Investment Group (IFIG) Conference.  While in London he will also engage in a number of other meetings including a bilateral meeting with Minister Mark Simmons of the Foreign Commonwealth Office, a meeting with HM treasury and a series of interviews with foreign media publications such as CNN, Financial Times, Reuters News and Global Reinsurance.

The objective of the IFIG Conference is to highlight the necessary regulatory frameworks for Islamic Finance and to outline strategies for successful international collaboration.  Bankers and senior government officials from countries such as Bermuda, Bahrain, Brunei, Dubai, Kuwait, Malaysia, Oman, Saudi Arabia, South Africa, United Arab Emirates (UAE), are expected to be in attendance.

Premier Cannonier commented “It is vital that we continue build on the foundation that is already in place with Islamic Finance stakeholders and to progress our discussions at this very strategic Conference.  As you are aware, this government is very keen on attracting foreign direct investment to Bermuda to address a number of outstanding infrastructure projects that are vital for our financial recovery.  It is also very important that we continue to tell the world about the merits of conducting business in Bermuda through the international media.”

The Premier is accompanied by the Minister of Finance, the Hon. E.T. Richards, JP, MP and the Secretary to the Cabinet, Dr. Derrick Binns.