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Add to Preferred SourcesThe United Nations World Food Programme (WFP) and the Islamic Development Bank (IsDB) have signed a Memorandum of Understanding (MoU) to set out a new framework for collaboration in areas of food security, nutrition and innovative investment solutions.
“This is an exciting moment. The first agreement between the World Food Programme and the Islamic Development Bank showcases our joint commitment to help member countries achieve their development goals. We are joining forces to kick-start progress on the nutrition and food security agenda and pioneer new ways of financing for development,” Beasley said during the signing ceremony.
“This memorandum reflects WFP’s and IsDB’s commitment to cooperate on innovative, high-impact food security and nutrition projects in our member countries. It is based on principles of co-development, co-financing, and mutual benefits, making full use of our complementary strengths and expanding the role of our institution as a bank of developers,” Dr. Bandar Hajjar stated.
According to the MoU, the two sides will work to identify co-financing and, alternative financing mechanisms, along with cooperation opportunities for programs and projects in humanitarian and development settings, particularly in the areas of food security, nutrition, agriculture, rural development, and human capital and institutional development.
Original source: WFP
Published on 28 January 2019