Jeddah, KSA-12.04.2015- A Joint Declaration was signed today at the IDB headquarters in Jeddah between the Islamic Development Bank (IDB) and the United Nations Industrial Development Organisation (UNIDO).
The President of the Islamic Development Bank (IDB), Dr Ahmad Mohamed Ali, and the Director General of the United Nations Industrial Development Organization (UNIDO), Mr Li Yong signed the declaration on behalf of their institutions.
As part of the Declaration, the two institutions will work towards poverty alleviation, promoting agriculture, trade, investments, women and youth empowerment in common member countries.
The Declaration also stated that both IDB and UNIDO will focus on “economic empowerment and entrepreneurship, sustainable energy development, agriculture, agro-industry and food security, water, environment and climate change”.
The two institutions agreed to strengthen their cooperation in promoting economic and social development in their common member countries, and at same time to work together to achieve sustained industrial development.
This declaration followed an agreement signed between IDB and UNIDO in July 1981. It also completes the agreement signed by the private sector arm of the IDB Group, the Islamic Corporation for the Development of the Private Sector (ICD) with UNIDO in July 2006.