IQNA

15:14 - May 20, 2022
News ID: 3478978
TEHRAN (IQNA) – Egypt is set to host the 2022 annual meetings of the Islamic Development Bank Group in Sharm El-Sheikh from June 1 to 4.

 

Under the theme “Beyond Recovery: Resilience and Sustainability”, the meetings are to be held this year in light of major economic and geopolitical developments characterized by the noticeable decline in the COVID-19 pandemic and the renewed hope that the world is on track for the recovery phase.

Ministers of Economy, Planning, and Finance from 57 member countries of the Bank will participate in these Meetings. Representatives of international and regional financial institutions, as well as representatives of Islamic banks, national development finance institutions, and unions of contractors and consultants from OIC member countries, will also attend the activities associated with these meetings.

The Meetings will represent an opportunity to study and explore ways to further consolidate economic relations amongst IsDB member countries in today’s changing world. In addition, they will provide avail the member countries of the chance to discuss and maximize cooperation with the participating financing institutions.

This year's Meetings will also witness the holding of a new edition of the IsDB Group Private Sector Forum, in which representatives of major companies and the business community at the local, regional and international levels are expected to take part.

The 2022 Annual Meetings of the IsDB Group will feature “the 47th Annual Meeting of the Board of Governors of the Islamic Development Bank”, “the 29th Meeting of the Board of Governors of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)”, and “the 22nd General Assembly of the Islamic Corporation for the Development of the Private Sector (ICD)”.

In the same context, “the 17th Meeting of the Board of Governors of the International Islamic Trade Finance Corporation (ITFC)”, and “the 15th Meeting of the Board of Governors of the Islamic Solidarity Fund for Development (ISFD)” will also be held.

Islamic Development Bank President and Group Chairman, Dr. Muhammad Al Jasser, meanwhile, said that IsDB Group is looking forward to promoting the successful cooperation with Egypt, noting that Egypt’s initiative to host the IsDB Group Annual Meetings this year is an indication of its desire to continue playing its regional role at all levels, the foremost of which is achieving further socio-economic development.

Al Jasser then added that the Bank's Board of Governors' approval to hold the Meetings in Egypt is indicative of the Board's appreciation of the leading role of the Arab Republic of Egypt in supporting IsDB Group, and its continuous efforts to support constructive partnerships at various levels.

He also expressed his great confidence in the capabilities that Egypt possesses to make the 2022 IsDB Group Annual Meetings a success and make it a special event that will be ingrained in people's minds for the years to come, God Almighty willing.

 

Source: IsDB.org

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