The Islamic Development Bank (IsDB) Group has published a preliminary report highlighting the actions taken to help member countries to tackle the crisis triggered by the Covid-19 pandemic.
Coordinated by the Working Group to Study the Impact of the Covid-19 Pandemic on the Islamic Finance Industry, the report is a discussion draft released for the purpose of obtaining feedback to improve content and recommendations.
Today is a special anniversary as we mark 75 years of collective work since the UN came into existence. In September this year, we also reflected on five years since the adoption of the UN’s 17 Sustainable Development Goals (SDGs), which represented a new vision of development linking people, planet and prosperity and raised financing needs from billions to trillions.
Serba Dinamik International Ltd (Serba Dinamik), a publicly listed private sector company from Malaysia, has made a commitment to donate a response package worth US$ 2.25 million to support the Islamic Development Bank’s (IsDB) Strategic Preparedness and Response Package through the Reverse Linkage modality to help combat the COVID-19 pandemic.
The Islamic Development Bank (IsDB) was one of the reciepents of the Women Entrepreneurs Finance Initiative (We-Fi)’s third funding allocation comprising $49.3 million. The total investment from We-Fi is expected to benefit over 15,000 women-led businesses and mobilize about $350 million of additional public and private sector resources.
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