Poursuite à Alger des travaux des réunions annuelles de la BID
Summary of the 2023 Annual Meetings of the Islamic Development Bank Group in Algeria
The annual meetings of the Islamic Development Bank (IDB) Group are currently underway in Algiers, Algeria, marking their third day at the International Conference Center "Abdellatif Rahal." The event is being held under the high patronage of President Abdelmadjid Tebboune and has attracted nearly 2,000 participants, including experts, business leaders, and senior officials from the bank’s 57 member countries.
Day’s Agenda Highlights
The agenda for this day includes significant discussions and activities:
- A conference focusing on sovereign sukuks, which are Islamic financial instruments, and their role as a strategic national financing tool.
- A session of the Private Sector Forum dedicated to partnerships.
- A meeting of the bank’s Sharia-compliance body.
- Roundtable discussions on halal investment and a forum aimed at leadership in the halal economy.
- A competition exclusively for small and medium enterprises (SMEs) and startups.
Strategic Cooperation Framework
The previous day was marked by the signing of a strategic cooperation framework for 2025-2027 between Algeria and the IDB Group. This agreement, signed by Finance Minister Abdelkrim Bouzred and IDB President Muhammad Sulaiman Al-Jasser, aims to enhance competitiveness, diversify the economy, improve infrastructure, support the private sector, advance human capital development, and strengthen regional cooperation.
Official Statements
During the opening ceremony, Prime Minister Nadir Larbaoui reiterated the support of President Tebboune for the IDB’s efforts towards common development and prosperity. He emphasized Algeria’s commitment, demonstrated by its hosting of the Assembly for the third time, underlining the significance of Islamic cooperation and solidarity for integrated economic growth.
In his remarks, Al-Jasser praised Algeria’s proactive role within the IDB framework, noting that the bank has financed projects in the country amounting to three billion dollars. He emphasized the need for accelerated economic integration, market diversification, and bolstered interregional trade to achieve long-term resilience and stability.
Conclusion
Overall, the annual meetings serve as a vital platform for fostering cooperation among member countries, exploring innovative financial solutions, and promoting sustainable development initiatives within the Islamic world. Algeria’s host role underscores its commitment to enhancing collaboration and economic integration among Muslim nations, aiming for a robust economic future.
This summary encapsulates the key elements and discussions from the ongoing annual meetings, highlighting the importance of cooperation among IDB member nations while underscoring Algeria’s pivotal role in facilitating these conversations.
