Madinah: Minister of Finance Mohammed Al-Jadaan took part in the Islamic Development Bank Group's Board of Governors' retreat yesterday at the King Salman International Convention Center in Madinah, where high-level consultations and in-depth discussions were held to exchange views and ideas aimed at developing an updated strategy for the bank for 2026-2035.
According to Saudi Press Agency, in his speech, Al-Jadaan highlighted the significance of the meeting as a platform for shaping a forward-looking vision that enhances the bank's role in promoting sustainable development. He outlined the frameworks and key strategic discussions, emphasizing the factors to be considered in shaping the bank's future strategy.
Al-Jadaan emphasized Saudi Arabia's commitment to supporting joint development efforts and strengthening Islamic solidarity, highlighting the Kingdom's pivotal role as one of the largest supporters of the Islamic Development Bank Group since its inception.
He underscored the importance of focusing on key priorities for the upcoming phase, including maximizing the bank's comparative advantages to improve efficiency and effectiveness, achieving tangible developmental impact on the lives of individuals in member countries, enhancing the institutional governance framework to ensure transparency and efficiency, and optimizing financial and knowledge resources to serve the development goals of member countries.
Al-Jadaan noted that the Kingdom will continue its unwavering support for the bank and its member countries to achieve the aspirations of their peoples for a brighter future. He also highlighted the importance of productive dialogue and constructive proposals to advance the path of sustainable development.