Islamic Development Bank Group To Celebrate Its 50th Anniversary And Hold 2024 Annual Meetings In Riyadh

Riyadh: The Islamic Development Bank Group (IsDB) is gearing up to hold its highly anticipated 2024 Annual Meetings and Golden Jubilee in Riyadh from April 27–30, under the esteemed Royal Patronage of the Custodian of Two Holy Mosques, King Salman Bin Abdulaziz Al-Saud. This momentous event will celebrate IsDB's 50 years of dedicated efforts in fostering socio-economic development in its member countries.

As the premier South-South multilateral development bank, the 2024 IsDB Group Annual Meetings and Golden Jubilee are expected to attract significant international and regional attention. The Annual Meetings will feature a series of side events with distinguished panelists from government, international organizations, the private sector, academia, and civil society, emphasizing discourse on the theme of "Cherishing our Past, Charting our Future: Originality, Solidarity, and Prosperity."

Ministers of Economy, Planning, and Finance from IsDB's 57 member countries are set to participate in this prestigious event, along with representatives from international and regional financial institutions, Islamic banks, private sector companies, development finance institutions, NGOs, chambers of commerce and industry, and business councils. The meetings will provide a platform to strengthen economic relations among IsDB member countries and enhance cooperation with participating financing institutions.

In addition to the annual meetings, IsDB will commemorate its golden jubilee, celebrating five decades of unwavering collaboration, steadfast partnerships, and transformative change. The journey of IsDB began 50 years ago in Riyadh with the inaugural meeting of the IsDB Board of Governors, graced by the Emir of Riyadh at the time, HRH Prince Salman Bin Abdulaziz Al-Saud.

The historic gathering will witness various forums, seminars, and meetings, including the Governors Roundtable Meeting, the 18th IsDB Global Forum on Islamic Finance, the IsDB Group 2024 Private Sector Forum, discussions on the Role of SMEs in Saudi Vision 2030, Charting a Course for Augmenting SDGs Financing, Leveraging Islamic Finance for Developing Sustainable and Resilient Infrastructure, the Arab Coordination Group Forum, Future Vision Symposium, and the General Assembly of the Federation of Consultants from Islamic Countries (FCIC).

The Islamic Development Bank, rated AAA by major rating agencies, stands as a pioneering multilateral development bank of the Global South. Over the past five decades, it has tirelessly worked to improve the lives of the communities it serves by delivering impactful projects and initiatives. Guided by the principles of Islamic finance, IsDB brings together 57 member countries across four continents and touches the lives of nearly 1 in 5 people worldwide. Through its infrastructure projects and partnerships, IsDB aims to equip individuals to drive their own economic and social progress at scale.

Headquartered in Jeddah, Kingdom of Saudi Arabia, the IsDB has regional hubs and centers of excellence in 11 of its member countries. Over the years, the Bank has evolved from a single entity into a group comprising five entities: the Islamic Development Bank (IsDB), the Islamic Development Bank Institute (IsDBI) dedicated to research and training, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC).

The 2024 Annual Meetings and Golden Jubilee of the Islamic Development Bank Group will undoubtedly be a momentous occasion to reflect on past achievements, envision a prosperous future, and forge new pathways towards sustainable development and economic growth for the benefit of member countries and beyond.