Madinah, Saudi Arabia - 12 January 2025. The Islamic Development Bank (IsDB) Group Board of Governors (BoG) held a high-level consultative retreat to discuss the Group’s future direction. Focused on formulating the IsDB Group Strategic Framework (2026-2035), the gathering was attended by Governors, alternate Governors, and senior representatives from IsDB Group member countries to share their vision for the next decade.

Hosted by HE Mohammed Al-Jadaan, Minister of Finance of the Kingdom of Saudi Arabia, the full-day retreat was chaired by HE Laaziz Faid, Minister of Finance of the People’s Democratic Republic of Algeria and Chairman of the IsDB Group BoG.

Building on the momentum of the “In Riyadh at 50 Declaration” adopted during the IsDB’s Golden Jubilee in April 2024, the retreat provided a platform for in-depth discussion on strengthening development cooperation and advancing IsDB’s strategic priorities for the next decade.

HE Dr. Muhammad Al Jasser, IsDB Group Chairman, introduced the main questions underpinning the IsDB Group’s Strategic Framework. His remarks were followed by a presentation and discussion of the technical working paper.

The retreat signifies a crucial step in aligning the IsDB Group’s priorities with the evolving needs of its member countries.