Jeddah, KSA - The Islamic Development Bank (IDB), and the United Kingdom’s Department for International Development (DFID) have signed a Memorandum of Understanding (MoU) to establish Arab Women’s Enterprise Fund (AWEF) in order to support less privileged women in Arab countries to unleash their economic potentials and increase their participation in the economy. The MoU was signed by RT Honorable Desmond Swayne, UK’s Minister of State for International Development and Dr.

Birama Sidibe, IDB Vice President (Operations) stated that in 2008 IDB pledged US $ 4 billion for the SPDA which is added to the US $ 8 billion from member countries and other development partners, making the total amount for the SPDA to US $ 12 billion. The expected output from the SPDA include over 500 MW of Power transmitted over 1800 KM, over 2000 KM of Asphalt Roads at national and regional level and 800 housing units as well as 548 street lights among others in the African continent.

Ahmet Tiktik stated that the current educational system in many countries does not promote entrepreneurial spirit and that the system is not geared to absorb graduates and drop-outs. ... Participants from Egypt, Ghana, Cameroon, Saudi Arabia, and the United Kingdom among others, participated in the panel discussion and brainstormed on the current business climate, the challenges facing young entrepreneurs such as the lack of effective regulatory frameworks and monopoly by major entrepreneurs.

The project envisages construction of sixty health units and two fully equipped regional health centers as well as training around 200 male and female medical practitioners. ... While acknowledging the contribution of the IDB Group to social and economic development in his country, the Minister stated that the completion of the project in nine regions in Mauritania will be an important step in materializing the Millennium Development Goals as it would lower child, maternal and newborn mortality rates.

27.02.2012, Jeddah, KSA – At a consultative meeting held at IDB headquarters with United Nations Conference on Trade and Development (UNCTAD), IDB Vice President (Finance) Dr. Abdul Aziz Al Hinai, stated that the Islamic Development Bank attaches great significance to the fact that funding should be subject to moral values, and should not be governed by incentives, profit and supply or demand.

Shenggen Fan, Director General, IFPRI stated that an integrated approach is required to go beyond agriculture and support social safety nets as well and generate employment and income opportunities for the poor and thus eradicate hunger. ... It is one of the 15 centers supported by the Consultative Group on International Agricultural Research (CGIAR), a global partnership that unites organizations engaged in research for a food secure future.

., Rt Hon Gordon Brown announced the intention of the UK Government to make the United Kingdom a gateway for Islamic trade and finance and thus cultivate the ground for stronger trading links between UK and the Muslim World. ... While stating that countries can become closer through trade and economic cooperation, the Chancellor recognized the Islamic Development Bank as the leading multilateral development financing institution helping to alleviate poverty, and increase trade among nations.

UNOPS is the first United Nations organization to be included in IsDB’s COVID-19 Global Coordination Platform for the provision of health procurement services. ... The two organizations are committed to working together to support countries in achieving the Sustainable Development Goals, with an emphasis on fragile and conflict-affected states.