Multilateral Development Banks (MDBs) and Qualified Development Financial Institutions (DFIs)
Multilateral development banks (MDBs) and qualified non-resident development financial institutions (DFIs) are allowed to -
- Issue ringgit-denominated debt securities for use in Malaysia; and
- Provide ringgit financing to resident entities in Malaysia.
MDBs and qualified DFIs are free to utilised either flexibility, i.e. to issue ringgit bond/sukuk or extend ringgit financing, or both based on the institution's business strategy in Malaysia. For instance, an MDB can opt to provide ringgit financing to resident entities using its own funding sources which may be in foreign currency.
Application Submission
- MDBs do not need to submit any application and can enjoy the flexibilities immediately.
- Interested non-resident DFIs can apply to be a qualified non-resident DFI by submitting the application form through the FEP Portal. Under the FEP Portal, submit an application by using Form General and attach the completed application form as a supporting document. For any guidance on the online submission system, you may refer to this user guide.
- If DFIs meet the criteria, a one-off approval will be provided by BNM and the DFIs will be added to the qualified DFIs list which will be published on this page.
Further Information
