The International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB) and the United Nations Industrial Development Organization (UNIDO) (www.UNIDO.org) today held a high-level bilateral meeting to highlight two project agreements in a virtual kick-off ceremony with Eng. Hani Salem Sonbol, CEO of ITFC and LI Yong, Director General […]
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Wednesday, 12 May 2021, 3:27 pm
The United Nations and the Islamic Development Bank today
launched an initiative to help fund efforts to recover
better as the world continues to grapple with the COVID-19
pandemic.
Coming at a time when the global health and
economic crisis have pushed millions of people into extreme
poverty, the newly launched International Dialogue on the
Role of Islamic Social Financing in Achieving the
Sustainable Development Goals will help unlock Islamic
social financing that has the potential to provide urgently
needed support for poverty alleviation, economic recovery,
pandemic response, and sustainable
development.
“Standing in solidarity with those in
Islamic social financing to support efforts to recover and rebuild from COVID-19 pandemic
Format
New York-Jeddah-Beirut, 11 May 2021 The United Nations and the Islamic Development Bank today launched an initiative to assist finance efforts to recover better as the world continues to grapple with the COVID-19 pandemic.
Coming at a time when the global health and economic crisis have pushed millions of people into extreme poverty, Islamic social financing has the potential to provide urgently needed support for poverty alleviation, economic recovery, pandemic response, and sustainable development.
“Standing in solidarity with those in need means exploring how Islamic social financing can support the pandemic response through the ACT-Accelerator and its COVAX Facility, as well as other initiatives and vehicles to ensure equitable access to vaccines, diagnostics and therapeutics,” said Ms. Amina Mohammed, the Deputy Secretary-General of the United Nations, in her opening statemen
African countries commit to double agricultural productivity
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African countries commit to double agricultural productivity
A COALITION of multilateral development banks and development partners has pledged over $17 billion in financing to address rising hunger on the African continent, and to improve food security.
These funds were pledged on the final day of a two-day high-level dialogue called Feeding Africa: leadership to scale up successful innovations. The African Development Bank and the UN’s International Fund for Agricultural Development (IFAD) hosted the event in partnership with the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization recently.
Seventeen African heads of state signed on to the commitment to boost agricultural production by doubling current productivity levels through the scaling up of agro-technologies. This will include investing in access to markets, and promoting agricultural research and development.