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IsDB annual meetings in Tashkent to focus on COVID-19 recovery

IsDB annual meetings in Tashkent to focus on COVID-19 recovery
Photo: Islamic Development Bank Group

The annual meetings of the Islamic Development Bank Group (IsDB) will take place in Tashkent, Uzbekistan, bringing together over 2,000 senior officials, business leaders, policy experts, and members of the media.

IsDB was established in 1975 and has grown to include 57 member countries representing about one-fifth of the world’s population.

During the annual meetings IsDB’s board, comprised of ministers of economy, finance, planning, or international development of the member countries, meets in order to set the policy priorities for the bank. The annual meetings will take place from 31 August to 4 September.

This year, the annual meetings will focus on coordinated efforts to address the continued impact of the COVID-19 pandemic. The gathered ministers will discuss how to increase vaccine availability as well as how to spearhead an inclusive economic recovery, both among member countries and globally. 

Hosting the IsDB annual meetings is the latest example of the growing role of Uzbekistan as a host for multilateral initiatives focused on diplomacy and economic development.  Uzbekistan is represented on the IsDB governing board by Deputy Prime Minister and Minister of Investments and Foreign Trade Sardor Umurzakov.

To date, IsDB has financed nearly 100 projects in Uzbekistan, with total funding amounting to $2.4 billion.