Finance Minister Bambang Brodjonegoro was in Washington DC representing Indonesia at the IMF-World Bank Spring Meetings from April 12 to 18. There he also held a tripartite meeting with IDB president Ahmad Mohamad Ali and the deputy prime minister of Turkey, Ali Babacan, on the establishment of the Islamic Mega Infrastructure Bank to be cofounded by the three parties.

The meeting discussed the bank’s structure and business scheme, said the Finance Ministry’s head of fiscal policy, Swahasil Nazara.

"It is not final yet, Indonesia, Turkey and the IDB will appoint senior officials to formulate the governance structure in more detail, the target is six months from now," he told reporters recently.

There was no word yet on the capital to be contributed by the founding countries, nor on the size of the bank, Swahasil said.

"[We will talk about] the governance structure first, then we will discuss how much money will be invested," he added.

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