Islamic Development Bank Group 44th Annual Meeting to unveil new development model as countries pursue a sustainable future

The Islamic Development Bank Group (IsDB) is to host its 44th Annual Meeting in Marrakesh from 3rd to 6th April

The Islamic Development Bank Group (IsDB) is to host its 44th Annual Meeting in Marrakesh from 3rd to 6th April.

The main theme of this year’s Annual Meeting, Transformation in a changing world: the road to the SDGs, embodies the IsDB’s belief that the traditional model of development is broken and there needs to be a notable shift to a new strategy in order to achieve the Sustainable Development Goals (SDGs). As a result, all events at the three-day meeting will explore the four core pillars of the President’s Five-Year Plan: Public-Private Partnerships; Science, Technology and Innovation (STI); Global Value Chain and Islamic Finance.  

The Annual Meeting, held by H.E Dr. Bandar Hajjar, President of the Islamic Development Bank Group and the Board of Governors, will discuss development issues and institutional matters. Arriving in Marrakesh, the IsDB will welcome 2,000 experts and decision-makers to discuss challenges and explore opportunities facing its 57 Member Countries.

Alongside the IsDB Group meetings, the event will also feature a series of side events that explore the four core pillars of the Presidents’ Five-Year Plan. Some of these side events include:

  • Science, Technology and Innovation - fostering action for all
  • How Indigenous Youth Integrate Traditional Knowledge, Innovation and Technology
  • Building Resilience for Effective Transformation

This year, H.E Dr. Bandar Hajjar will set out his new vision for how the world can meet the 2030 Sustainable Development Goals, and the Bank’s role is supporting its member countries in achieving these targets. In his book, “The Road to the SDG’s: A New Business Model for a Fast-Changing World”, launched at the Annual Meeting, Dr. Hajjar will outline that the SDGs represent a new era, raising the level of development finance required from the order of billions to that of trillions and that the sheer magnitude of these challenges is beyond the capacity of any individual institution.

In preparation to the Islamic Development Bank 44th Annual Meeting in Marrakesh, H.E. Dr. Bandar Hajjar, President, Islamic Development Bank Group, said: “We need to be constantly finding new, innovative ways to approach development in our fast-evolving world. It is for this reason that the IsDB’s 44th Annual Meeting will facilitate dialogue on the need for a new development model that aims to provide focused, integrated and holistic solutions for IsDB Member Countries, focusing on root causes of development challenges rather than symptoms. Never has the need for cooperation and partnership been of such paramount importance as it is today and I look forward to discussing our new vision with representatives from our Member Countries in Marrakesh.”

The Annual Meeting in Morocco follows the successful Public Private Partnerships Forum held in Rabat earlier this year, one of the core pillars of the IsDB’s new vision.