Egypt to Host 2022 Annual Meetings of Islamic Development Bank Group in Sharm El Sheikh

Tuesday 1443/10/16 - 2022/05/17
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Cairo, Egypt, May 17, 2022, SPA -- Under the patronage of President Abdel Fattah El-Sisi, the Islamic Development Bank Group is to hold its 2022 Annual Meetings in Sharm El-Sheikh, Egypt, from 1-4 June 2022, under the theme “Beyond Recovery: Resilience and Sustainability”.
Ministers of Economy, Planning, and Finance from 57 member countries of the Bank will participate in these Meetings.
Representatives of international and regional financial institutions, as well as representatives of Islamic banks, national development finance institutions, and unions of contractors and consultants from OIC member countries, will also attend the activities associated with these meetings.
This year's Meetings will also witness - for the first time over four days - the holding of a new edition of the IsDB Group Private Sector Forum, in which representatives of major companies and the business community at the local, regional and international levels are expected to take part.
The 2022 Annual Meetings of the IsDB Group will feature “the 47th Annual Meeting of the Board of Governors of the Islamic Development Bank”, “the 29th Meeting of the Board of Governors of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)”, and “the 22nd General Assembly of the Islamic Corporation for the Development of the Private Sector (ICD)”.
In the same context, “the 17th Meeting of the Board of Governors of the International Islamic Trade Finance Corporation (ITFC)”, and “the 15th Meeting of the Board of Governors of the Islamic Solidarity Fund for Development (ISFD)” will also be held.
Islamic Development Bank President and Group Chairman, Dr. Muhammad Al Jasser said that IsDB Group is looking forward to promoting the successful cooperation with Egypt, noting that Egypt’s initiative to host the IsDB Group Annual Meetings this year is an indication of its desire to continue playing its regional role at all levels, the foremost of which is achieving further socio-economic development.
Dr. Al Jasser then added that the Bank's Board of Governors' approval to hold the Meetings in Egypt is indicative of the Board's appreciation of the leading role of the Arab Republic of Egypt in supporting IsDB Group, and its continuous efforts to support constructive partnerships at various levels.
Meanwhile, Dr. Hala El-Said, Minister of Planning and Economic Development and IsDB Governor for Egypt, said several important side events will be organized, including the Business Forum for the Private Sector and several events related to the preparations for the 27th session of the Conference of the Parties (COP27) to the United Nations Framework Convention on Climate Change in November 2022, the green economy, achieving sustainable growth and confronting climate change, and other important international issues.
--SPA
15:58 LOCAL TIME 12:58 GMT
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