Morocco Islamic Development Tender

The Islamic Development Bank Group IsDBG hosted its 44th Annual Meeting of the Board of Governors from 3 6 April 2019 under the generous patronage of His Majesty King Mohamed VI of Morocco. The four-day meeting gathered representatives from the banks 57 Member Countries to continue the process of sustaining comprehensive development of the IsDBGs vision and strategy. During the meeting the IsDBG committed to 337 million of new investment to its member countries.The main theme of this years Annual Meeting Transformation in a changing world the road to the SDGs embodies the IsDBGs belief that the traditional model of development is broken and there needs to be a notable shift to a new strategy in order to achieve the Sustainable Development Goals SDGs.Commenting at the close of the 44th Annual Meeting of the Islamic Development Bank Group H.E Dr. Bandar Hajjar saidThis year marks our most successful Annual Meeting to date with all Member Countries participating at the highest level. We have signed more than 90 new agreements with our member countries in line with the Banks new strategy and approach towards financing for development. This new strategy focusing on financing projects with clear objectives in accordance with the Sustainable Development Goals will open new opportunities and create a sustainable transformation for all. We are determined to remain relevant in this changing world and we now have an ambitious plan for the future.The strategy launched at the meetings Opening Ceremony by the President of the IsDBG H.E. Dr Bandar Hajjar and supported by the Board of Governors focuses on the rapid adoption of a new approach to transformation through increasing productivity of value chains adoption of a broad and participatory approach to push markets to work for development maximizing the impact by working jointly on the formulation financing and implementation of value-based programs affirming its commitment to exchange experiences and knowledge with member countries deepening technical cooperation and increase intra-OIC trade and investment by integrating Banks economies and markets into regional and global value chains promoting Public Private Partnerships by creating environments conducive to the participation of civil society organizations non-governmental organizations scientific institutions and stakeholders from the third part sector promoting technological transformation through science technology and innovation.This new vision was also set out in Dr. Hajjars new book The Road to the SDGs A New Business Model for a Fast-Changing World launched at the Annual Meeting. In the book Dr. Hajjar outlines that the SDGs represent a new era raising the level of development finance required from the order of billions to that of trillions and that the sheer magnitude of these challenges is beyond the capacity of any individual institution. The book is available via the following link httpdigital.tudor-rose.co.ukthe-road-to-the-sdgsengAs a result all events at the Annual Meeting explored the four core pillars of the Presidents Five-Year Plan Public-Private Partnerships Science Technology and Innovation STI Global Value Chain and Islamic Finance. During this gathering the Islamic Development Bank was also awarded The Best Project by the Sheikh Hamdan Bin Rashid Al Maktoum Award for the development of educational facilities in the Islamic world in 2019.