January 25, 2021
The CSIS Economics Program is tracking commitments, approvals, and disbursements by major international financial institutions (IFIs) to meet the massive financing needs generated by the Covid-19 pandemic and its economic fallout. These IFIs include the International Monetary Fund (IMF), World Bank Group, and major regional development banks. We also include select regional financing arrangements (RFAs), which, together with the IFIs, central bank bilateral swap lines, and individual countries’ foreign reserve holdings, comprise the Global Financial Safety Net (GFSN).
Based on data updated through December 31, 2020:
1. We estimate IFIs approved $237.2 billion in Covid-19-related support in 2020. The IMF approved $102.9 billion, including emergency assistance and precautionary lines of credit, while the multilateral development banks (MDBs) approved a combined $132.5 billion. MDB approvals are led by the European Investment Bank (EIB), which approved $39.1 bil
SIGNING OF MOU BETWEEN ICD AND SQB SECURITIES, UZBEKISTAN 26/01/2021 Share
Jeddah, Saudi Arabia, January 2021 – Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB), and Mr. Amur Safaraliyevich Djalilov, the CEO of SQB Securities LLC, signed an MoU for the development of Islamic finance and capital markets in Uzbekistan.
The MoU will cover the following areas of cooperation:
Conduct selective training courses on Islamic finance and its products and services for local banks and financial institutions in Uzbekistan;
Introduce Islamic finance instruments such as Sukuk and other instruments;
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
Islamic Development Bank Invites Applications for IsDB Scholarship Program
Islamic Development Bank (IsDB) has invited applications for IsDB Scholarship Program 2021-2022.
Aspirants from member countries and Muslim communities in non-member countries can apply for the scholarship program before 28 February.
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Undergraduate
IsDB-ISFD for Technical Vocational Education & Training (TVET) for Least Developed Member Countries (LDMCs)
IsDB-ISFD Bachelor studies for LDMCs
IsDB-The World Academy of Science (TWAS) Joint Program for Capacity Building and Technology Transfer
Offering scholarships since 1983, the bank aims to foster technology and knowledge sharing among its member countries and Muslim communities in non-member countries.
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The scholarships revolve around the concept of
(Business in Cameroon) - The Cameroonian Ministry of Livestock, Fisheries and Animal Industries (Minepia) recently launched an open international tender for the design, supply, and installation of equipment for three milk processing plants and milk collection points in the North West.
The three processing units and the collection points will be built (in Bamenda, Nkambe, and Wum) in the framework of the Livestock and Fisheries Development Project (Lifidep) financed by the Islamic Development Bank (IsDB).
Firms interested in this offer are invited to send their bidding documents to the secretariat of the Lifidep coordinator in Bamenda, by March 17, 2021.
The said project falls in line with the 2020-2030 National Development Strategy recently published by the Cameroonian government. One of the main goals of that strategy is the structural transformation of the local industrial fabric to reduce the deficit in the country’s trade balance.