Riyadh, The President of the Islamic Development Bank (IsDB) Group, Dr. Muhammad Sulaiman Al Jasser, has met in Riyadh with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, during which the IsDB president was committed to strengthening long-term cooperation with the IMF and expanding the scale of partnerships and joint work in the fields of Islamic finance, climate, and green transition.
Al Jasser outlined that the IsDB is ready to expand the scope of participation with IMF in the financial sector assessment program based on the bank’s experience with the financial sector assessment programs in Djibouti and Pakistan.
Kristalina Georgieva expressed her interest in deepening the partnership with the IsDB, beyond Islamic finance field and especially with regard to climate action, supported by the Resilience and Sustainability Trust (RST), a $50-billion trust fund established by IMF in 2022 to support low-income countries and middle-income countries, to build resilience to balance of payments shocks and ensure sustainable recovery.
Source: Saudi Press Agency