H.E. Dr Bandar M. H. Hajjar, the President of the Islamic Development Bank (IsDB), and Elhadj As Sy, the Secretary General of the International Federation of Red Cross and Red Crescent Societies (IFRC), agreed on plans to create of a multi-million dollar fund to combat cholera and other diarrheal diseases in OIC countries.
H.E Dr. Bandar Hajjar, the President of the Islamic Development Bank, and H.E Ilyas Moussa Dawaleh Minister of Economy and Finance in-charge of Industry and Planning, IsDB Governor for Djibouti, signed US$ 64.8 million agreement for financing the Djibouti Africa Regional Express- 1 Submarine Cable Project, and Health System Strengthening with Emphasis on Maternal, Newborn and Child Health (MNCH) Project.
The Islamic Development Bank (IsDB) has awarded Pakistani innovators, researchers and entrepreneurs seed capital and business skills mentoring as part of its fifth edition of the Transformers Roadshow competition, held in association with COMSTECH. The Roadshow is a global initiative in which applicants are invited to pitch ideas accelerating one or more of the UN Sustainable Development Goals (SDGs).
Today, the President of the Islamic Development Bank (IsDB), H.E. Dr Bandar Hajjar, met with the President of Pakistan, Dr. Arif Alvi, and the Prime Minister of Pakistan, Imran Ahmed Khan Niazi, to discuss ways in which the IsDB can implement its new vision to support the Government’s development agenda for financial inclusion, economic empowerment and future aspirations.
The Islamic Development Bank (IsDB) is renewing financial agreements with the Pakistan Government to progress the country’s development initiatives, financial inclusivity and economic empowerment for Pakistani’s and the wider region. This re-financing of existing, and new projects is in line with the IsDB’s vision to help its Member Countries achieve the UN Sustainable Development Goals (SDGs).
Dr Bandar Hajjar, President of the Islamic Development Bank is undertaking an official visit to Pakistan during the period between 2 to 4 May 2019 during which he will meet Prime Minister Mr Imran Khan, the President of Pakistan Dr Arif Alvi and a number of Ministers and leaders in the Public and Private Sectors, Philanthropic Organizations, Universities and Research Centers.
The Islamic Development Bank ("IsDB"), rated Aaa/AAA/AAA by Moody’s, S&P and Fitch (all stable outlook), has successfully priced a US$1.5 billion, 5-year Trust Certificates (Sukuk) under its US$25 billion Trust Certificate Issuance Programme. The Sukuk was priced at par at 2.843%, to be payable on semi-annual basis, marking IsDB’s first public issuance in 2019.
Heads of state, ministers, leaders of multilateral development banks, private sector executives, women entrepreneurs, and contributing governments of the Women Entrepreneurs Finance Initiative (We-Fi) convened today at the first We-Fi Regional Summit to discuss concrete ways to strengthen support for women-led small and medium-sized enterprises (SMEs) in West Africa.
The expanding support among world leaders for providing quality education to children in the world’s poorest countries received a major boost today as the Global Partnership for Education (GPE) and the Islamic Development Bank (IsDB) agreed to a multi-pronged collaboration that will broaden and deepen GPE’s engagement with new partners.