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HomeFinanceSaudi Arabia’s Role in Islamic Development Bank

Saudi Arabia’s Role in Islamic Development Bank

Minister Aljadaan outlines strategy for sustainable growth

January 13, 2025
in Finance
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The Saudi Minister of Finance, Mohammed Aljadaan, took part in the Islamic Development Bank Group’s Board of Governors’ retreat at the King Salman International Convention Center in Medina. This gathering was dedicated to high-level consultations for crafting the Bank’s strategy for 2026–2035.

In his address, Minister Aljadaan welcomed the Governors, underscoring the significance of the meeting as a venue to shape a forward-looking vision that enhances the Bank’s role in sustainable development. He outlined key strategic themes and considerations for the Bank’s future direction.

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Minister Aljadaan reiterated Saudi Arabia’s dedication to supporting collaborative development initiatives and reinforcing Islamic unity. He highlighted the Kingdom’s substantial backing of the Islamic Development Bank Group since its inception.

He emphasized the need to prioritize the Bank’s strengths to boost its efficiency, achieve meaningful developmental impacts in member nations, and improve governance for better transparency and effectiveness. Additionally, he advocated for the optimal use of financial and knowledge resources to meet the development goals of member countries.

Aljadaan assured that Saudi Arabia will persist in its strong support for the Bank and its members, aiming to fulfill the aspirations of their populations. He also highlighted the importance of constructive dialogue and proposals to further sustainable development.

Tags: Islamic Development BankMohammed Aljadaansaudi arabiasustainable development
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