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Add to Preferred SourcesThe Islamic Development Bank (IsDB) opened its new regional hub in Dhaka, Bangladesh, as part of its continued commitment to support sustainable socio-economic development in the region. The opening was attended by H.E. Sheikh Hassina, Prime Minister of Bangladesh, alongside Dr. Bandar M.H. Hajjar, the President of the IsDB Group.
The new IsDB Group Regional Hub in Dhaka will facilitate the Bank’s numerous projects in the country, spanning: agriculture, education, energy, industry and mining, transport, water, sanitation, urban services and enhancing the capacity of the country’s public and private institutions. Among the IsDB’s 57-member countries, Bangladesh is the largest beneficiary of financing, with the Group’s total financing for the country to date in excess of US$21.7 billion.
To underline the IsDB’s support of innovative solutions towards development, the hub opening coincided with the second Transformers Roadshow – a science, technology, and innovation competition which recognises ideas and concepts that support one or more of the UN’s Sustainable Development Goals. The Roadshow is one of the initiative’s lead by the Transform Fund set up to support the IsDB’s strategic focus on capacity building and human capital development.
The Prime Minister of Bangladesh H.E. Sheik Sheikh Hasina said: “I am happy that the IsDB is one of the most trusted development partners of Bangladesh. The IsDB Group has so far extended cumulative development assistance of $22 billion.
Commenting on the IsDB’s presence in the region, President of the IsDB, Dr. Bandar M.H. Hajjar said: “The IsDB has long held a close relationship with Bangladesh as it continues to move towards a prosperous future with a resolute commitment to the Sustainable Development Goals. Our Dhaka regional will focus on partnering with local stakeholders to drive the socio-economic development in the country and provide a platform for Bangladeshi people to build a prosperous future.”
Original source: IsDB
Published on 9 September 2018