Launch of Bangladesh Member Country Partnership Strategy (MCPS) (2024-2026): "Supporting Sustainable Economic Growth and Resilience"
Bangladesh Member Country Partnership Strategy (MCPS) (2024-2026), titled: "Supporting Sustainable Economic Growth and Resilience’’ was launched on 29th April 2024 by the Islamic Development Bank (IsDB) Governor and Minister of Finance, Government of Bangladesh, H.E. Mr. Abul Hassan Mahmood Ali, MP and IsDB President and Group Chairman, H.E. Dr. Muhammad Al Jasser on the sidelines of the IsDB Group’s 2024 Annual Meetings and the Bank’s 50th anniversary Golden Jubilee in Riyadh, Kingdom of Saudi Arabia.
Bangladesh MCPS provides broad strategic directions and sectoral focuses for IsDB’s engagement in Bangladesh. It has been developed based on thorough consultation with the Government of Bangladesh and other relevant stakeholders. The MCPS is aligned with national development plans of Bangladesh and IsDB’s Strategic Realignment 2023-2025.
The MCPS focuses on building sustainable infrastructure for driving industry through support for energy, transport, information and communications technology (ICT), water and sanitation, and enhancing future competitiveness of Bangladesh through support for education, health, agriculture and nutritional security with complementary cross-cutting support on climate change mitigation and adaptation, women and youth empowerment, capacity development, and enhancing financial market depth and access to finance through Islamic finance.
The IsDB Group MCPS for Bangladesh espouses a strong One Group, One Goal synergy agenda. The MCPS will build a robust pipeline of potential interventions during its implementation with a holistic and flexible financing strategy to meet evolving needs of Bangladesh.
Muhammad Nassis Sulaiman, Head IsDB Regional Hub in Dhaka, has stated: “IsDB has been a strong partner of Bangladesh in its sturdy development over the years. This MCPS will support the country in alleviating key impediments hindering robust and sustainable economic development. Based on this MCPS, the Bank will develop a strong set of interventions and strategically align with the country’s National Development Plan to help Bangladesh in its journey towards an Upper Middle-Income Country.”