2018 Annual Meetings of the IsDB Group start Sunday | Tunisia News Gazette

2018 Annual Meetings of the IsDB Group start Sunday

The 2018 Annual Meetings of the Islamic Development Bank Group (IDB) kicked off Sunday in Tunis, and will continue until Thursday, April 5. These meetings include :

-The 43rd Annual Meeting of the Board of Governors of the Islamic Development Bank (IsDB);

-The 25th Annual Meeting of the Board of Governors of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC);

– The 11th Annual Meeting of the Board of Governors of the Islamic Solidarity Fund for Development (ISFD) ;

– The 18th General Assembly of the Islamic Corporation for the Development of the Private Sector (ICD) ;

– The 13th General Assembly of the International Islamic Trade Finance Corporation (ITFC)

Fifty-seven ministers of economy and finance from member countries will attend the meetings, and more than 1,000 participants from abroad and Tunisia will represent several Arab, regional and international institutions and financial institutions, as well as experts from various economic sectors.

The aim is to provide policymakers in IDB member countries with an ideal framework for addressing the challenges and opportunities of their economies. Thus, the themes that will be addressed will focus on the establishment of strategic enterprises for investment promotion and youth employment, partnership mechanisms to strengthen research and innovation to increase value added in productive sectors, consideration of women’s empowerment and capacity building, the role that digital and new technologies play in terms of sustainable development …

The IDB started its activities in 1975 and currently comprises 57 Member States. Its headquarters are located in Jeddah, Kingdom of Saudi Arabia, and its mission is to support the economic and social development of member states.

The IDB Group comprises six institutions, namely, the International Islamic Trade Finance Corporation (ITFC), the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), the Islamic Solidarity Fund for Development (ISFD) and the Islamic Institute for Research and Training.

Since its inception, the IDB has financed 8,195 development projects in various member countries, approximately US $ 125 billion, covering many vital sectors, particularly infrastructure.

Tunisia maintains a close and diversified relation with the IDB, which has contributed to the financing of more than 35 projects worth about 3.5 billion dinars including, in particular, energy, infrastructure and human development as well as technical assistance worth 24 million dinars.

Source: TAP News Agency

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