BAKU, Azerbaijan, May 18. Preparations are in
full swing in the capital city of Algiers, as the People’s
Democratic Republic of Algeria gears up to host the 2025 Annual
Meetings of the Islamic Development Bank (IsDB) Group from 19 to 22
May under the theme of “Diversifying Economies, Enriching Lives”,
Trend reports.
Ministers of finance, economy, international development, and
planning from the 57 member countries of the Bank will convene in
Algiers. Their discussions and decisions at the meeting will be
crucial in determining the best solutions to tackling the
socio-economic development challenges of the Muslim world and
beyond.
This annual international event is set to be a pivotal moment
for far-reaching discussions and purposeful development solutions.
High-profile representatives from major global development partners
and financial institutions, Islamic finance experts, private sector
leaders, and Civil Society Organisations (CSOs) will all be in
attendance. The event will also be covered by top media
organisations from IsDB Group member countries and around the
world.
The occasion also coincides with the 50th session of the IsDB
Board of Governors’ Meeting, a significant milestone in promoting
Islamic finance, harnessing innovations, and promoting sustainable
development.
Algeria, a founding member country of IsDB, is set to make
history again by hosting the AAA-rated multilateral development
bank (MDB) of the Global South annual meetings for the third time.
The previous editions of the Annual Meetings were in February 1990
and October 2001.
