On December 4, 2023, the Special Representative of the United Nations Secretary-General for West Africa and the Sahel, Mr. Leonardo Santos Simão, engaged in a regional dialogue with young women and men from West African and Sahelian countries to mark the commemoration of the 8th anniversary of United Nations Security Council Resolution 2250 (2015) on Youth, Peace and Security. Over 150 young women and men from 17 countries in the […]

In 2021, the World Health Organization (WHO) unveiled the neglected tropical diseases (NTD) roadmap 2021-2030, initiating a decade dedicated on controlling, eliminating, and eradicating NTDs. The WHO Regional Office for Africa is stepping up support for countries on the implementation of the roadmap to bolster the fight against NTDs and accelerate progress towards attainment of the roadmap targets and goals. NTDs impose a constant and heavy burden on the poorest, […]

The squad lists for the FIFA Club World Cup (www.FIFA.com) Saudi Arabia 2023™ have been released; Tournament set to kick off in Jeddah on 12 December. The seven contenders for the FIFA Club World Cup Saudi Arabia 2023™ have named their 23-man squads for the tournament. The tournament is set to kick off on 12 December with Al-Ittihad facing Auckland City, leading up to the final on 22 December. Click here to […]

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) on Thursday, 30 November 2023 approved a USD 15 million Trade Finance Transaction Guarantee facility for NMB Bank in Zimbabwe. This is AfDB’s first project with NMB, a registered commercial bank with strong SME credentials. This facility will provide 100% guarantee to international confirming banks (CBs) for the non-payment risk they take on NMB’s trade finance transactions conducted on […]

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) participated as a knowledge partner in a conference titled ‘“Exploring Central Bank Digital Currency: Pathways to Global Standards”’ held on 28-29 November 2023 in Virginia, United States. The conference was the first-of-its-kind gathering of international financial policymakers and provided a platform for the launch of new research on critical areas in the Central Bank Digital Currency (CBDC) field. The conference aimed to level-set […]

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), member of the Islamic Development Bank (IsDB) Group, announce the signing of two significant Murabaha Financing Agreements with Vakif Katilim Bank and Ziraat Katilim Bank, valued at USD 20 million each. The agreements were formalized during the visit of Eng. Hani Salem Sonbol, CEO of ITFC, to Istanbul during the COMCEC Meetings on December 4, 2023. The Murabaha Agreement between ITFC and […]

At the COP 28 event in the United Arab Emirates, a significant partnership was forged through the signing of a Non-Honoring of Sovereign Financial Obligation (NHSFO) agreement between The Islamic Corporation for the Insurance of Investment and Export Credits (ICIEC) (https://ICIEC.IsDB.org), a multilateral credit and political risk insurer and a member of the IsDB Group and Standard Chartered, a leading international cross-border bank. This pivotal agreement represents a major step […]

USAID Administrator Samantha Power and Special Presidential Envoy for Climate (SPEC) John Kerry announced today that 21 new companies have committed to invest in climate adaptation as part of the Call to Action to the Private Sector under the President’s Emergency Plan for Adaptation and Resilience (PREPARE). Their efforts, in support of the objectives of PREPARE, will mobilize an estimated $2.3 billion in additional adaptation finance. Administrator Power also announced […]

Today at COP28, USAID Administrator Samantha Power announced that USAID is committing more than $53 million for new low-carbon and climate resilient activities in 23 cities in Asia, Africa, Latin America, and the Caribbean. These funds will provide resources to translate national climate ambitions into local action in urban areas. Cities are responsible for 75 percent of the planet’s CO2 emissions and are home to over half of the world’s […]