{"id":245708,"date":"2022-12-15T18:28:53","date_gmt":"2022-12-15T16:28:53","guid":{"rendered":"https:\/\/www.africa-newsroom.com\/press\/islamic-development-bank-institutes-isdbi-board-of-trustees-holds-its-11th-meeting?lang=en"},"modified":"2022-12-15T18:28:53","modified_gmt":"2022-12-15T16:28:53","slug":"islamic-development-bank-institutes-isdbi-board-of-trustees-holds-its-11th-meeting","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/islamic-development-bank-institutes-isdbi-board-of-trustees-holds-its-11th-meeting\/","title":{"rendered":"Islamic Development Bank Institute\u2019s (IsDBI) Board of Trustees Holds its 11th Meeting"},"content":{"rendered":"
\"Islamic<\/div>\n

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The Board of Trustees of the Islamic Development Bank Institute (IsDBI) (https:\/\/IsDBInstitute.org\/<\/a>) held its 11th<\/sup> Meeting on 12 December 2022, at the IsDB Headquarters in Jeddah.<\/p>\n<\/p>\n

The Board, chaired by IsDB Group Chairman, H.E. Dr. Muhammad Al Jasser, discussed the Institute’s medium-term work program for 2023-25, aimed at maximizing impact by prioritizing areas where the Institute has a comparative advantage.<\/p>\n

The 11th<\/sup> Board of Trustees meeting was the first to be held in person since 2019, with the last two meetings in 2020 and 2021 held virtually due to the COVID-19 pandemic.<\/p>\n

In his opening remarks, H.E. Dr. Al Jasser first welcomed the new Trustees, inviting them to guide the deliberations of the Board with their experience and wisdom.<\/p>\n

He then observed that as the effects of the pandemic linger, IsDB member countries continue to face new challenges, including geopolitical conflicts and climate crises, that hinder their socio-economic progress. In response, the IsDB Group has been implementing major initiatives to support member countries achieve sustainable economic recovery. In particular, IsDB has adopted a strategy focused on three objectives: (i) boosting recovery; (ii) tackling poverty and building resilience; and (iii) driving green economic growth.<\/p>\n

“The IsDB Institute, as the knowledge beacon of the IsDB Group, has a critical role to play in providing the soft-skills knowledge as prerequisites to achieving the Bank’s strategic objectives over the next three years. The Institute’s role is paramount in providing evidence-based decision-making and in unleashing the potential of Islamic finance as an efficient tool to achieve economic and social development,” Dr. Al Jasser stated.<\/p>\n

The Board members thanked H.E. the Chairman for the opportunity given to them to serve on the new board. They also noted that the Institute’s medium-term work program sufficiently focused on key priorities that would help in confronting the challenges of the member countries.<\/p>\n

In his remarks, Dr. Sami Al-Suwailem<\/strong>, Acting Director General of IsDBI and IsDB Group Chief Economist, thanked H.E. Dr. Al Jasser and the Board members for providing inspirational leadership to the Institute.<\/p>\n

In a brief on the Institute’s medium-term work program, Dr. Al-Suwailem explained that the focus is on priority projects based on added value and sustainability; quality over quantity; strategic initiatives; and leveraging partnerships to maximize impact. He added that the Institute would look forward to having active engagement with the Board members in implementing its initiatives.<\/p>\n

The newly reconstituted Board of Trustees comprises eminent personalities from various professional backgrounds in both the public and private sectors, namely:<\/p>\n