Representing the Islamic Development Bank (IsDB) Group, H.E. Dr. Muhammad Al Jasser, Eng. Hani Salem Sonbol, CEO of ITFC and Acting CEO of ICD, participated in the opening session titled : LEVERAGING INNOVATIVE PARTNERSHIPS FOR SCALE.
The Multilateral Development Banks (MDBs) including IsDB Group are pivotal players in driving global trade and fostering economic growth in low - and middle-income countries. By leveraging financial and technical expertise, they cultivate a predictable environment promoting economic resilience. IsDB Group, working with its partners work on Public-Private Partnerships (PPPs) by aligning priorities and leveraging strengths across sectors.
Design flagship Programs such as the Arab Africa Trade Bridges (AATB) Program that has trade and investment as key pillars to promote economic integration and offer De-risking Tools through employing credit guarantees as well as blended finance models to attract private investments.
ICD has been involved in several infrastructure-related initiatives across Africa, although many of its contributions are intertwined with broader financing strategies rather than large-scale direct infrastructure projects. Moreover, providing technical assistance and capacity building to share expertise and transfer technology to empower local stakeholders.
Through sustainable and scalable solutions tailored to local contexts, these efforts not only enhance infrastructure but also create up to 150,000 jobs per $1 billion invested, according to the World Bank estimation.
Let’s drive inclusive growth and unlock Africa’s vast potential through shared value frameworks and innovative partnerships.
#InfrastructureDevelopment #AfricaRising #PPP #EconomicResilience #AIF2024
