Islamic Development Bank (IsDB)

In a meeting held today in Doha, H.E. Ali bin Ahmed Al-Kuwari, Qatar's Minister of Finance (IsDB Governor), and H.E. Dr. Muhammad Al Jasser, Chairman of the IsDB Group, agreed to advance a new IsDB-Qatar Partnership Strategy. This strategic collaboration aims to catalyze sustainable economic transformation and promote South-South cooperation for development. The discussions reinforced Qatar's pivotal role as a vital member and strategic partner of the IsDB Group in promoting socio-economic development across member countries. The two leaders explored avenues to leverage Qatar's expertise and resources to drive inclusive growth and prosperity within the IsDB's member nations. Recognizing the importance of South-South cooperation, the partnership strategy seeks to foster knowledge-sharing, capacity-building, and technology transfer initiatives. The meeting underscored the shared commitment of Qatar and the Islamic Development Bank (IsDB) Group to advance economic development, promote regional integration, and contribute to the achievement of the Sustainable Development Goals. #EconomicDevelopment #SouthSouthCooperation

At the High-Level Dialogue on Education event hosted by the Education Above All Foundation on the sidelines of the Qatar Economic Forum, H.E. Dr. Muhammad Al Jasser, President of the Islamic Development Bank (IsDB) Group, issued a resounding call for decisive action to address the education financing gap in developing nations. Highlighting the staggering $39 billion annual shortfall needed to meet the Sustainable Development Goals for education, Dr. Al Jasser emphasized the IsDB Group's longstanding commitment to the sector, providing $5.8 billion in education loans and grants over the years. Additionally, the IsDB has empowered over 19,000 students and scholars through its scholarship programs. In his remarks, the IsDB President underscored the need for a paradigm shift, moving away from traditional schooling models toward digital learning platforms that foster creativity and self-learning. He stressed the importance of collaboration among multilateral banks, governments, and the private sector to tackle this pressing challenge. "It is imperative that we move beyond rhetoric and take decisive action," Dr. Al Jasser stated, urging stakeholders to prioritize education financing as a catalyst for sustainable development and equitable access to quality education worldwide.

#IsDB President H.E. Dr. Muhammad Al Jasser underscores the urgency of increased education funding for developing nations at the #QatarEconomicForum.

Unlocking Islamic Finance for Sustainable Infrastructure In a compelling piece for Project Syndicate, Islamic Development Bank (IsDB) President H.E. Dr. Muhammad Al Jasser outlines how Islamic finance's asset-based and risk-sharing models can help bridge the $15T infrastructure gap in developing nations. At the core are instruments that forge long-term partnerships where all stakeholders, including financiers, have a vested interest in a project's sustainability. This mitigates risks and moral hazards. Dr. Al Jasser advocates a hybrid financing approach combining Islamic and conventional sources. The $3.25T Islamic financial market's liquidity could catalyze investments, aided by robust regulations and systems that MDBs can help develop. Initiatives like the new Global Collaborative Co-Financing Platform are positive steps. But collective action is key to unlocking Islamic finance's potential for resilient, green infrastructure driving economic growth. Read Dr. Al Jasser's insightful perspectives here: https://lnkd.in/dwSejpAX

H.E. Dr. Muhammad Sulaiman Al Jasser, Chairman of Islamic Development Bank (IsDB), speaks to Joumanna Bercetche about the transformative changes in the Gulf since the discovery of oil and the investments in education and human development made by the GCC. #QatarEconomicForum #منتدى_قطر_الاقتصادي

At the #QatarEconomicForum Plenary Session: Reshaping Middle East Economies, #IsDB Group Chairman H.E. Dr. Muhammad Al Jasser emphasized the need for customized strategies to drive economic diversification in high-income Middle Eastern countries. #QatarEconomicForum

At the #QatarEconomicForum, #IsDB Group Chairman H.E. Dr. Muhammad Al Jasser highlighted three major achievements in #SaudiArabia that are also common in other GCC countries: ✔️ Raising non-oil government revenues to more than 36% ✔️ Increasing women’s participation in the labor force to 36% ✔️ Boosting non-oil exports to around 36% of total imports These accomplishments are clear proof of economic diversification and progress in the region.

The Islamic Development Bank (IsDB) and the government of Qatar have taken a significant step towards strengthening collaboration by signing a memorandum of understanding (MoU) on strategic cooperation. This agreement paves the way for the development of a comprehensive partnership strategy spanning the period from 2024 to 2027. The MoU was officially signed by Qatar's Finance Minister (IsDB Governor) H.E. Ali bin Ahmed Al Kuwari and IsDB Group Chairman H.E. Dr. Muhammad Al Jasser. Aligning with Qatar's National Vision 2030 and the IsDB's realigned strategy (2023-2025), the partnership strategy will focus on two pivotal pillars: supporting Qatar's sustainable economic transformation and enhancing South-South cooperation. The partnership will concentrate its efforts on several cross-cutting areas of paramount importance, including the integration of women and youth, climate change mitigation and adaptation, and the development of human and institutional capacities. Through this ambitious initiative, the IsDB Group and the government of Qatar aim to reinforce their deep-rooted ties, foster economic transformation within Qatar, and drive international cooperation.

In 2023, #IsDB Group drove impactful change through its commitment to operational excellence and organizational efficiency. From project management to strategic resource mobilization, here's a glimpse of our achievements:

Explore the anticipated impact of #IsDB Group projects approved in 2023