The Arab Coordination Group (ACG) comprising of Arab Financial Development Institutions has approved/committed US$8.6 billion financing for developing countries to help them tackle the economic impact of the COVID-19 Pandemic.
Dr. Bandar Hajjar, opened the Finance in Common Summit, co-organised by IsDB with the International Development Finance Club (IDFC) and the World Federation of the Development Finance Institutions (WFDFI). Dr. Hajjar spoke alongside chairs of other networks of Public Development Banks (PDBs).
The Islamic Development Bank (IsDB) has approved a new capacity development programme to strengthen the national institutional arrangements collectively referred to as the National Ecosystem for South-South and Triangular Cooperation in the member countries.
The Islamic Development Bank (IsDB) Group has published a preliminary report highlighting the actions taken to help member countries to tackle the crisis triggered by the Covid-19 pandemic.
Coordinated by the Working Group to Study the Impact of the Covid-19 Pandemic on the Islamic Finance Industry, the report is a discussion draft released for the purpose of obtaining feedback to improve content and recommendations.
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