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At the end of 2016, Malaysia’s local currency bond market, the 4th largest in emerging East Asia after China, Korea and Thailand, stood at 1.167 trillion Malaysian Ringgits or approximately…

UNDP is working together with Indonesia’s Financial Services Authority to promote sustainable finance and working closely with the Ministry of Finance to strengthen the public finance…

Waqf, in plural awqaf, is defined as a perpetual endowment. It is an Islamic charitable endowment and an essential component of Islamic social finance. Creating a waqf involves setting aside certain…

Engaging with Islamic finance is a part of UNDP’s global strategy. In this regard, partnerships are forming in Indonesia and other UNDP country offices. Through its Innovative Financing Lab,…

Building on the commitments by member countries, the IsDB can help turn the challenges into historical opportunities for growth and prosperity, as well as the impact that arises from committing to…

The second impact is a resilient global developers’ network. IsDB, after taking stock of the limitations of its old operational and financial models, is revamping the way it approaches its…

IsDB issued its debut green Sukuk in 2019 raising €1 billion which is committed to projects in renewable energy, clean transportation, energy efficiency, pollution prevention and control,…

Kavaja General Hospital Project in Albania was aimed to complement the efforts of the Government of Albania in maintaining appropriate health standards for the population and to specifically provide…

The third impact is joint green industrial innovation. For IsDB, the industrialization of the member countries is imperative to simultaneously increase the competitiveness of each country and plug…

Construction and Equipping of the Vocational Colleges in Uzbekistan was implemented with the aim of enhancing the developmental efforts of the Government of Uzbekistan. The objectives were to…

To translate its core values into reality, IsDB has focused its efforts on a number of overarching principles. Although governments play an important role in economic and social development, they…

Upgrading of the University Science Malaysia (USM), consistent with the Malaysian Development Plan for 2001-2010, aimed at providing quality human resources geared towards the needs of the nation and…

To demonstrate its commitments to climate action, the IsDB approved its first Climate Change Policy in February 2019. The policy emphasizes mainstreaming climate action in all the Bank’s…

The IsDB has adopted a new development model towards the achievement of the Sustainable Development Goals. This model shifted the approach from treating the symptoms of poverty to tackling the root…

In this evolving development landscape, IsDB is aligning its business model with the changing needs of its clients. The essence of this new business model is to help member countries to achieve…

The world is moving into a fourth industrial revolution, an era marked by a disruptive change in production processes due to advances in technology. This change is compounded by a lack of…