Washington, D.C. September 24, 2011 – The President of the Islamic Development Bank, Dr. Ahmad
Mohamed Ali, signed a $290,000 USD technical assistance agreement with the Government of Gambia
today, on the sidelines of the 2011 World Bank/IMF Meetings in Washington, D.C. The agreement offers
technical training assistance in the area of capacity building for project management to improve the skills
of 117 staff in line ministries of the Government of Gambia. Representing the Government of Gambia was
H.E. Mambury Njie, The Minister of Finance & Economic Affairs and IsDB Governor.
About IsDB
The Islamic Development Bank is an international financial institution established in 1975 with a mission
to promote comprehensive human development, with a focus on the priority areas of alleviating poverty,
improving health, promoting education, improving governance and prospering the people. The present
membership of the Bank consists of (56) countries. The basic condition for membership is that the
prospective member country should be a member of the Organization of the Islamic Cooperation, pay its
contribution to the capital of the Bank and be willing to accept such terms and conditions as may be
decided upon by the IsDB Board of Governors. The authorized capital of the Bank has been increased to
US$45 billion and the subscribed capital became US$23 billion. Headquartered in Jeddah, Saudi Arabia,
the IsDB has four regional offices in Morocco, Malaysia, Kazakhstan, and Senegal.