The 3rd day of the Islamic Development Bank (IsDB) Group’s 2024 Annual Meetings is marked by a pivotal dialogue session enriched by the unique perspective of Finance Minister and IsDB Governor for Türkiye, H.E. Dr. Mehmet Şimşek.
In a major step forward to consolidate their development cooperation, the Republic of Türkiye and the Islamic Development Bank (IsDB) Group have launched a new Country Engagement Framework (CEF) under the theme of: “Supporting Resilient, Inclusive and Sustainable Development in Türkiye”
The first-place winner of the 2024 Islamic Development Bank (IsDB) Prize for Impactful Achievement in Islamic Economics, Professor Mehmet Asutay, received the award during a ceremony in Riyadh, Kingdom of Saudi Arabia.
The Islamic Development Bank (IsDB) has approved approximately US$418 million to fund new development projects in member countries, the bank said in a statement on Saturday.
IsDB Group has signed a US$120 million agreement with Türkiye’s Ministry of Treasury and Finance to contribute to the country’s reconstruction and recovery plan that strives to fully restore the delivery of urgent and critical health services to the earthquake-affected areas.
A meeting between H.E. Dr. Mehmet Şimşek, Minister of Treasury and Finance and IsDB Governor for Turkiye, and Dr. Walid Abdelwahab, Director of the Islamic Development Bank Group Regional Hub Türkiye, focused on an interactive discussion of current and future collaboration between Türkiye and IsDB Group.
Teams of development and financial operations experts from the Islamic Development Bank (IsDB), Turkiye’s Development and Investment Bank (TKYB), and the Industrial Development Bank of Turkiye (TSKB) convened in separate workshops, from13-16 February 2024, to exchange views and share capacity for spearheading the recovery and resilience building efforts in the country’s quake-hit areas.
The Islamic Development Bank (IsDB) Group and the Industrial Development Bank of Turkiye (TSKB) have signed a US$ 100 million financing agreement that aims to enhance economic recovery and sustainable growth in the 17 provinces bearing the brunt of the twin devastating earthquakes that struck southern Turkiye on 6th February 2023.
The Islamic Development Bank (IsDB) Group and the Development and Investment Bank of Türkiye (TKYB) have formalized a US$200 million financing facility/arrangement to support businesses in the provinces affected by the disaster.
During his official visit to Türkiye for the 39th COMCEC Ministerial Meeting in Istanbul, the President, and Group Chairman of the Islamic Development Bank (IsDB), H.E. Dr. Muhammad Al Jasser, emphasized the need for escalated investment and improved economic cooperation within the COMCEC framework.
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