IsDB & Bloomberg Eye Partnership

Riyadh, Kingdom of Saudi Arabia, 25 October 2023 – The President of the Islamic Development Bank (IsDB), H.E. Dr. Muhammad Al Jasser, met in Riyadh with Mr. Constantin Cotzias, Director of Bloomberg LP Europe, to exchange views on global finance and development trends. The meeting provided an opportunity to also explore potential partnership opportunities between IsDB and Bloomberg.

Bloomberg LP is a global leader in business and financial information, providing influential decision-makers with critical insights by connecting them to a dynamic network of information, people, and ideas. The company's innovative technology delivers real-time financial data and analytics to more than 327,000 subscribers worldwide.

IsDB and Bloomberg have a longstanding business relationship, through IsDB's extensive use of Bloomberg terminals for market intelligence and investment purposes.

During the meeting, Dr. Al Jasser emphasized IsDB's commitment to enhancing critical sustainable infrastructure development in its 57 member countries. He also highlighted IsDB's triangular and south-south cooperation programs for impactful capacity development and humanitarian assistance through targeted knowledge-sharing and technical assistance initiatives.

The two sides also exchanged views on potential areas of cooperation, including capital market development and domestic resource mobilization as well as the promotion of financial literacy in developing and emerging economies.