BAKU, Azerbaijan, June 18. The Islamic
Development Bank (IsDB) Group aims to allocate a larger volume of
lending and to double financing to member countries over the next
five years, IsDB Group Chairman Muhammad Sulaiman Al Jasser said,
Trend's
correspondent reports from the event.
He made the remark during the Fireside Chat with the Chairman of
IsDB Group, organized within the framework of the 51st Annual
Meeting of the Group.
According to him, while the volume of financing approved until
2001 was about $1.5 billion, this figure has already reached $6
billion by 2025.
"I hope that by the end of the next five years we will double
this figure," he noted.
The IsDB chairman added that the institution's activities also
strengthen the financing of joint projects with other multilateral
development banks (MDBs). Al-Jasir, who emphasized that the bank is
currently working closely with 10 MDBs, also noted that the Arab
Coordination Group plays an important role in this process.
"We have established very extensive joint activities with these
organizations and intend to further expand this cooperation," he
noted.
Al Jasser emphasized that the main goal is to support the
sustainable formation of economic development in member countries
and further expand the scope of the bank's influence. According to
him, the institution will continue its activities with the support
of the governing bodies to achieve these goals.
