Cairo, Egypt, November 21, 2019

The Islamic Development (IsDB) has signed a Memorandum of Understanding (MoU) with Centre For Environment and Development for the Arab Region and Europe (CEDARE) to enhance and formalize cooperation and collaboration between the two Parties. The Agreement was signed by H.E. Dr. Bandar M. H. Hajjar, Chairman of the IsDB Group and Dr. Nadia Makram Ebeid, Executive Director of CEDARE at their premises in Cairo, Egypt.

The main objective of the MoU is to promote knowledge sharing, co-finance programs and projects, build climate and environmental resilience, promote socio-economic development sustainability; in addition to providing coordinated and harmonized technical assistance to their common member countries in a cost-effective and efficient manner.