Bangkok, Thailand, 17 October 2026 – The Islamic Development Bank (IsDB) Group and the Republic of Senegal reaffirmed their commitment to strengthening their longstanding partnership and advancing Senegal’s development priorities during a high-level bilateral meeting held on the sidelines of the 2026 World Bank Group and International Monetary Fund Annual Meetings in Bangkok.

The meeting brought together H.E. Mr. Cheikh Diba, Minister of Economy, Finance and Planning and IsDB Governor for Senegal, and H.E. Dr. Muhammad Al Jasser, Chairman of the IsDB Group, in the presence of Dr. Khalid Khalafalla, CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Acting CEO of the Islamic Corporation for the Development of the Private Sector (ICD).

Discussions focused on supporting Senegal’s economic recovery, advancing priority development investments, and exploring innovative financing solutions to accelerate sustainable economic growth and strengthen resilience. Both sides emphasized the importance of continued cooperation in mobilizing development financing and ensuring the effective implementation of ongoing initiatives.

The meeting also highlighted progress under the IsDB Group’s Member Country Partnership Strategy (MCPS) 2023–2027, which has a financing envelope of US$2.4 billion and has reached an implementation rate of 65%. The strategy provides a framework for advancing Senegal’s development priorities, strengthening cooperation, and supporting investments that contribute to sustainable and inclusive economic growth.

Senegal remains a key strategic partner of the IsDB Group in Sub-Saharan Africa. Since the partnership began in 1976, the IsDB Group has provided US$6.61 billion in cumulative financing to the country. The IsDB currently manages a portfolio of 25 active projects totaling US$1.5 billion, reflecting the depth of the partnership and the Bank’s continued support for Senegal’s development agenda.

The IsDB Group reaffirmed its commitment to working closely with the Government of Senegal to advance shared development priorities, strengthen economic resilience, and accelerate the delivery of projects that generate tangible and lasting benefits for the Senegalese people.

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